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Natural Gas breaking out with Energy Companies to the Upside

|Includes: Anadarko Petroleum Corporation (APC), BTU, CHK, CMS, CNP, OXY

Friday's price action on the Natural Gas futures contract for May delivery was noticeable:  www.solastrader.com/trader-diary/natural-gas-continuous-contract-may10-long/

Natural Gas prices have been falling for some time and have not really benefited from the Crude Oil Rally of last year to date.

It was noticeable due to the fact that the Gas producers in this area were also breaking out to the Upside, Anadarko Petroleum www.solastrader.com/equity-trading/solas-trend-finder-anadarko-petroleum-long/ and  Chesapeake Energy www.solastrader.com/equity-trading/solas-trend-finder-chesapeake-energy-long/ just to name two here...

Across the Energy sector other Energy companies were also breaking out to the upside Peabody Energy www.solastrader.com/equity-trading/solas-trend-finder-peabody-energy-long/  , coal mining, CMS Energy, Centerpoint Energy and Occidental Petroleum.

Our modeling at SolasTrader suggests an entry once Friday HIGH of the Day has been taken out and the broader market is moving higher to start looking at taking positions in the above mentioned contracts/stocks

About Solas Trend Finder:
The Solas Trend Finder is a suite of proprietary trading software algorithms that deliver real time buy and sell conditions on any Stock, Future or Forex pair.

 www.solastrader.com





Disclosure: "No Positions in the above"