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Strategies & Market Trends : Natural Resource Stocks

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To: schzammm who wrote (12183)	6/10/2004 1:32:38 PM
From: jimsioi	Read Replies (1) of 108728

schzammm, yes indeed thanks for NG figures Five year average storage and $6 gas don't quite seem to fit together, but if total annual usage is significantly greater than average that'd help make some sense of the high prices and average storage. I'll assume that's what the market is looking at though I suspect there's already been plenty of advance cold season buying accomplish by utilities. Notice the IEA came out with bullish stats on world energy use, particularly China's...And Murphy (MUR) has a significant find in Southeast Asia... XNG taking on a bit different cast today. On the hourly chart below rather than break down it's getting close to breakout. stockcharts.com[h,a]eecayiay[d40][pf][vc60][iUb14!Up14,3,3]&pref=G May have to do some shopping...

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