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  • harit_rc harit_rc Jan 12, 2011 4:14 PM Flag

    Should break $30 this week

    That is strange... but its also strange that its
    trailing peer average group (from my quick glance) in US
    by at least 3-4% over the past week as well.

    We could be surprised.. the draw could be strong but
    even the draws haven't really moved spot much over the past
    little while since its primarily heating oil demand with
    this weeks storms in the N.East and not so much nat-gas.
    Seasonality is playing out as usual though.

    As long as it stays above $4.50 for both Q1, we should
    be able to achieve these "long risky stretch targets" that
    analysts have been revising downwards over the last week.
    Maybe CIBC is the only one that really knows whats going
    on as I like their downward revision from $37 to $36 best.
    If a 6% correction comes in, this one is a no-brainer.


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