Fri, Jan 30, 2015, 9:43 AM EST - U.S. Markets close in 6 hrs 17 mins


% | $
Quotes you view appear here for quick access.

United States Natural Gas ETF Message Board

  • racerdanny99 racerdanny99 Mar 19, 2013 10:16 AM Flag

    Here is the jersey city analyst.

    From yesterday, fundamental reason for calling $4.

    Gas at $4 per million British thermal units represents a 50 percent retracement between an intraday high of $6.108 on Jan. 7, 2010, and a 10-year low of $1.902 on April 19, 2012, said Walter Zimmerman, chief technical strategist at the brokerage in Jersey City, New Jersey. Ratio retracement is a tool used to calculate support and resistance levels for gas futures by looking at the midpoint between recent highs and lows.

    “If we take out $4, the spring break in natural gas prices, the correction before summer arrives, is going to end up at much higher levels than I would have thought would be the case,” Zimmerman said. “We are still going to see a seasonal pullback. It’s delayed by the delayed appearance of spring.”

    Sentiment: Strong Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
13.7199-0.1601(-1.15%)9:43 AMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.