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ChartWorks

PUBLISHED BY INSTITUTIONAL ADVISORS
March 22nd, 2009
Technical observations of RossClark@shaw.ca

Natural Gas is Now Cheap Relative to Crude Oil

The ratio of Crude Oil vs Natural Gas has moved above 12.50 this week. Such moves have been capable of sparking rallies in the natural gas price. This comes at a time when crude oil ($51.15) is approaching the anticipated resistance at the 100-day exponential moving average (currently $53.30). Look for gas to be buoyant for the next two to four weeks.







BOB HOYE, INSTITUTIONAL ADVISORS
March 22nd, 2009
EMAIL:: bobhoye@institutionaladvisors.com
CHARTWORKS WEBSITE:: www.institutionaladvisors.com


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