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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.97

-0.3%

Jan 30 4:00 PM EST

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To: Cogito Ergo Sum who wrote (47482)	2/8/2012 12:18:08 PM
From: johnlw	Read Replies (1) of 70343

Holding ECA myself but considering biting the bullet on it. Can't break out of its downtrend to my eye. stockcharts.com ....It is a grim scenario for an oversupplied industry facing record gas inventories at winter's end."The reality is, when storage is full and we've got over sup-ply, notionally and theoretically gas can go no-bid," said Robert Cooper, analyst with Haywood Securities. Haywood considered his price outlook of $3.17 per thou-sand cubic feet or $3 per gigajoule a moving target, sensitive to weather-related demands and supply disruptions. How-ever, with seemingly unstoppable supply growing in the U.S., much of it located near high consumption areas, Canadian gas could become so uncompetitive as to "go the way of the dodo" in the short term he said..... Read more: calgaryherald.com

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