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Strategies & Market Trends : Strictly: Drilling II

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To: Crimson Ghost who wrote (22014)11/17/2002 10:42:03 PM
From: jimsioi  Read Replies (2) of 36161
 
The buck is key and NG futures

The dollar looks pretty weak right here and a fall to something like 101 or about 4% would be my minimal expectation unless in the unlikely event 105 is her bottom. Such a drop would get GOLD over $330 though probably only briefly. Personally don't think there's any big buy organism that's going to take place above $330 just more commercial shorts and public longs.

Weekly Dollar
treasurestatefutures.com

NG does look frisky in the overnights....+16 cents last I looked....this could prove to be interesting in the week ahead.

P&F chart
stockcharts.com[PA][DA][F!3!0.15!]&pref=G&listNum=

Hourly NG chart - move back up to test overhead begins...
charts-d.quote.com:443/1015610610890?User=demo&Pswd=demo&DataType=GIF&Symbol=NYMEX:NG02z&Interval=60&Permission=264625&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10
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