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This contract have been in a 25 point trading range since late November.


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Nat Gas

Acecess lows were  11.96 on the Jan contract and 12.12 on the Feb contracts.  If this market is to survive this latest downmove, it is important for those lows to hold. They are, at this point classic ABCs.   Besides holding, the Jan must reestablish back above 13.50 and the Feb back above 13.55 - Since the January contract's days are numbered,  we must concentrate on the Feb contract.

JbG

 

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