Tuesday, April 26, 2011

DailyMarkets.com - Earnings Preview: Watson Pharma

DailyMarkets.com - Earnings Preview: Watson Pharma

Earnings Preview: Watson Pharma

Posted: 26 Apr 2011 07:36 AM PDT

Watson Pharmaceuticals Inc. (NYSE:WPI) is expected to release its first quarter fiscal 2011 financial results on Wednesday, April 27, before the market opens. The Zacks Consensus Estimate for the quarter is 86 cents, representing a year-over-year increase of 6.2%. The performance of Watson Pharma has fluctuated over the last four quarters. The company surpassed estimates in two of the four quarters of 2010 while reporting in line in one of the quarters. While the trailing four-quarter average is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Varian Medical

Posted: 26 Apr 2011 07:35 AM PDT

Varian Medical Systems (NYSE:VAR) is slated to report its second-quarter fiscal 2011 (ending March 31) results on Wednesday, April 27. The company had earlier forecast earnings per share in the range of 83 cents to 86 cents for the quarter. The current Zacks Consensus Estimate for the second quarter is 85 cents, representing an estimated year over year increase of 16.71%.
First Quarter Recap
Varian's top line witnessed a 7% increase to reach $579.9 million in the first quarter, missing the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: Key ST Resistance At 99

Posted: 26 Apr 2011 07:20 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure

Posted: 26 Apr 2011 07:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

British Pound: Under Pressure

Posted: 26 Apr 2011 07:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: Under Pressure

Posted: 26 Apr 2011 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: Under Pressure

Posted: 26 Apr 2011 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro: Capped By A Negative Trend Line

Posted: 26 Apr 2011 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

On Behalf Of African Hairbraiders, The Institute For Justice Goes Up Against Utah’s Cosmetology Cartel

Posted: 26 Apr 2011 07:14 AM PDT

From the Institute for Justice: 

“The Constitution protects the right to earn an honest living without arbitrary and unreasonable government interference.But if you want to braid hair for a living in Utah, you must submit yourself to a completely irrational licensing scheme to get permission from the government before you are allowed to work. No one should have to hire a lawyer or lobbyist just to braid hair.  The right to earn an honest living is an essential part of our … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Richmond Fed Manufacturing Index Plunges In April

Posted: 26 Apr 2011 07:11 AM PDT

Forex Pros – Manufacturing activity in Richmond plunged unexpectedly in April, official data showed on Tuesday.<br /><br />In a report, the Federal Reserve Bank of Richmond said that its manufacturing index fell to 10.0 in April, compared to a reading of 20.0 in March.<br /><br />Analysts had expected the index to remain unchanged at 20.0 in April. <br /><br />On the index, a reading above 0.0 indicates improving conditions, below indicates worsening … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. CB Consumer Confidence Rises More-than-expected

Posted: 26 Apr 2011 07:05 AM PDT

Forex Pros – U.S. consumer confidence rose more-than-expected in April, industry data showed on Tuesday.<br /><br />In a report, the Conference Board, a market research group said its index of consumer confidence rose to 65.4 in April, compared to a reading of 63.8 in March, whose figure was revised up from 63.4.<br /><br />Analysts had expected the index to rise to 64.4 in April.<br /><br />The report also showed that the CB index of consumer expectations … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Are Student Loans An Impending Bubble? Is Higher Education A Scam?

Posted: 26 Apr 2011 07:00 AM PDT

What did we experience in the sub-prime housing debacle?
1. Shoddy underwriting standards for borrowers.
2. A massively flawed system promoted and perpetuated by the Wall Street securitization business.
3. Borrowers overleveraged leading to skyrocketing rates of foreclosures and defaults.
4. A mentality that housing finance could promote a real social benefit and a profitable enterprise.
5. A government backstop and ultimate bailout for investors.
6. An ultimate fiasco for our society as a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Legg Mason Remains Neutral

Posted: 26 Apr 2011 07:00 AM PDT

We maintain our Neutral recommendation on Legg Mason Inc. (NYSE:LM) as minimal increase was recorded in total assets under management (AUM) as of March 2011. Moreover, third quarter of fiscal 2011 (ended December 31) earnings fell short of the Zacks Consensus Estimate. Higher operating expenses and a decline in total AUM were the primary headwinds.
In January, Legg Mason reported third-quarter fiscal 2011 earnings of 41 cents per share, lagging two cents behind the Zacks Consensus Estimate. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aaron Beats Bottom-Line Estimate

Posted: 26 Apr 2011 07:00 AM PDT

Aaron’s Inc. (AAN) registered an earnings per share growth of 22.0% in the first quarter of 2011, climbing to 55 cents a share from the year-ago quarter earnings of 45 cents a share. Aaron also outpaced the Zacks Consensus Estimate of 51 cents a share.
Quarterly Details
Aaron's top line jumped 8.0% to $532.7 million from $495.3 million in the year-ago quarter. The company has been witnessing positive trends in comparable-store sales. After a 6.2% increase in the fourth quarter of fiscal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Pares Losses As Key Fed Meeting Awaited

Posted: 26 Apr 2011 06:48 AM PDT

Forex Pros – The Canadian dollar trimmed gains against its U.S. counterpart on Tuesday, as crude oil, the nation&rsquo;s largest export retreated from daily highs in volatile trade ahead of a key Federal Reserve policy setting meeting.<br /><br />USD/CAD clawed back up from 0.9518, the daily low, to hit 0.9540 during early U.S. trade, dipping 0.03% on the day.<br /><br />The pair was likely to find support at 0.9453, the low of April 20 and a multi-year low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cooper Industries Beats Est.

Posted: 26 Apr 2011 06:37 AM PDT

Cooper Industries Ltd. (NYSE:CBE) reported its first-quarter 2011 earnings per share from continuing operations of 93 cents, beating the Zacks Consensus Estimate of 84 cents. The company outperformed the prior-year earnings per share by 33%.
During the quarter, the company achieved record core total revenue growth of 16%, led by a rapid recovery in utility markets, strength in industrial market and a rising demand for energy-efficient technologies such as LED lighting.
Total Revenue
Total revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Barrick Gold, AMERIPRISE FINANCIAL SERVICES, Huntington Bancshares Incorporated, International Game Technology, Netflix, Radioshack, Sohu.com, U.S. Bancorp

Posted: 26 Apr 2011 06:36 AM PDT

    Netflix, Inc. (NASDAQ:NFLX) reported first quarter 2011 diluted earnings of $1.11 per share, surpassing the Zacks Consensus Estimate of $1.07 per share and 88.1% higher than the prior year quarter. Total revenue of $718.5 million increased 45.6% from the year ago quarter, coming in higher than the Zacks Consensus Estimate of $703.0 million

    Ameriprise Financial (NYSE:AMP) reported Q1 EPS of $1.35, ex-items, ahead of the Zacks Consensus Estimate of $1.33 per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Looking At Earnings, Thinking About Fed

Posted: 26 Apr 2011 06:36 AM PDT

Earnings reports will be in focus today as we wait for the Fed Chief’s history-making news conference on Wednesday following the FOMC meeting that gets underway today. Keeping us busy will be a slew of positive reports from a fairly representative slice of corporate leaders, ranging from Coke (NYSE:KO) and Ford (NYSE:F) to 3M (NYSE:MMM) and United Parcel (NYSE:UPS). Online retail giant Amazon (NASDAQ:AMZN) reports after the markets close today.

Ford sped past earnings and revenue expectations, with quarterely … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning News Notes: 4.26.11

Posted: 26 Apr 2011 06:34 AM PDT

The morning news notes as prepared by TL…the debt ceiling, public pensions on the chopping block?, inflation ticking up in China, and the Eurozone budget deficit.

 
 ”Morning News Notes: April 26, 2011″

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FX Headlines: U.S. Dollar Continues Decline As Carry Trade Accelerates

Posted: 26 Apr 2011 06:24 AM PDT

The U.S. Dollar sell-off resumed on Tuesday as traders sold-off the world's reserve currency following speculation in the overnight that China would revalue their currency once more in face of inflation, which, in spite of rising price pressures, the Federal Reserve is widely anticipated to keep the key interest rate on hold at 0.25 percent at their meeting on Wednesday. As such, the carry trade picked up, with traders financing the purchases of higher yielding assets such as the Australian … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Attempting Bullish Breakout Towards 2010 High At 0.9150

Posted: 26 Apr 2011 06:18 AM PDT

EUR/GBP Completes a Gartley Pattern with an Outside Hourly-Bar (4/25)
EUR/GBP

Short-term to Medium Term- The EUR/GBP did follow through yesterday's "outside hourly-bar". However, this decline did not develop into a full bearish swing with the wave equality of a 4/13-4/18 decline onto the decline staring 4/21.
- Instead the EUR/GBP anchored onto a rising channel, and respected a rising trendline.
- More importantly, the market rallied sharply after that, breaking above a declining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 26 Apr 2011 06:15 AM PDT

04/26/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Runs Into Topside Ceiling

Posted: 26 Apr 2011 06:13 AM PDT

The EURUSD extended up toward the days highs, toward the highs from April 21st (at 1.4648) and found sellers. As the price was reaching the level, headlines from ECBs Gonzalez-Paramo saying rate hike in April was not the start of a series of hikes. This took some of the upward momentum away and thwarted the efforts to extend … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/JPY Erases Losses, Edges Higher After Spain Debt Sale

Posted: 26 Apr 2011 06:13 AM PDT

Forex Pros – The euro erased losses against the yen on Tuesday, rebounding from a four-day low after an auction of Spanish government debt met with strong investor demand, soothing concerns that the indebted nation will need a bailout.<br /><br />EUR/JPY clawed back up from 118.48, the pair&rsquo;s lowest since April 20 to hit 119.55 during European afternoon trade, gaining 0.21%.<br /><br />The pair was likely to find support at 118.25, the low of April 19 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Motorola Mobility

Posted: 26 Apr 2011 06:11 AM PDT

We initiate coverage for Motorola Mobility Holdings Inc. (MMI) with a Neutral recommendation, ahead of its first quarter 2011 financial results. The company is finally reaping the benefit of the decision to use Google Inc. (NASDAQ:GOOG) developed Android software for its struggling mobile phone businesses. Supported by strong market traction of its 3G Android-based smartphones, Motorola Mobility is regaining its lost ground in the lucrative U.S. smartphone market.
Motorola Mobility will benefit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Equity Residential

Posted: 26 Apr 2011 06:11 AM PDT

Equity Residential (EQR), a multifamily real estate investment trust, is scheduled to report its fiscal 2011 first quarter earnings after the closing bell on April 27, 2011. The current Zacks Consensus Estimate for the first quarter is 56 cents per share, representing a year-over-year growth of 15.1%.
Fourth Quarter Recap
Equity Residential reported fiscal 2010 fourth quarter funds from operations (FFO) of $136.5 million or 45 cents per share, compared to $126.9 million or 43 cents per share in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

S&P/Case-Shiller Home Price Index Falls More-than-expected

Posted: 26 Apr 2011 06:08 AM PDT

Forex Pros – The S&amp;P/Case-Shiller home price index fell slightly more-than-expected in February, declining for the eighth consecutive month, industry data showed on Tuesday.<br /><br />In a report, Standard &amp; Poor with Case-Shiller said its house price index fell by -3.3% in February, after dropping by -3.1% in January.<br /><br />Analysts expected the house price index to fall by -3.2% in February.<br /><br />Commenting on the report, David … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Attempting To Break Above Expanding Triangle

Posted: 26 Apr 2011 05:50 AM PDT

AUD/USD Reaches Positive Reversal Swing Projection…(4/20)
AUD/USD

Short-Term to Medium Term- The AUD/USD has been in a expanding triangle consolidation seen in the 1H chart, with resistance at 1.0773. In a range perspective, the support is near the 1.0650 area. If the market extends the current correction lower than 1.0650, we can visit the 1.0580 pivot, near 61.8% retracement. Below that we can be targeting the 1.04 pivot.
- The 4H candle in the European session ahead of the US session … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For April 27, 2011

Posted: 26 Apr 2011 05:44 AM PDT

By ForexMansion.com
 
The Aussie continued its downside movement against the greenback for the second day in a row amid escalating violence in the Middle East especially in Syria, which has a negative impact on the AUD/USD, as investors are looking for safe heaven currencies such as the Yen and US dollar.
On the other hand, the US economy is to release growth data this week and most importantly the FOMC rate decision as the meeting starts today, and the focus on hints for policy moves by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NZD/USD Daily Fundamental Analysis For April 27, 2011

Posted: 26 Apr 2011 05:43 AM PDT

By ForexMansion.com
 
Still the New Zealand currency continues its downside movement for a second straight day, as economic growth in the world’s largest economy is expected to have remained evident with 2.0% annual pace reflecting that the economy is on the track, damping the demand on the Kiwi.
The market awaits the Feds’ decision tomorrow after the US expansion in the first three months of 2011, fueling the demand on the greenback over majors.
The New Zealand nation is still suffering … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD Fundamental Analysis For April 27, 2011

Posted: 26 Apr 2011 05:42 AM PDT

By ForexMansion.com
 
The AUD/NZD pair dropped significantly recording a fresh 4-day low, as Aussie is lost grounds versus the U.S. dollar, supporting the selling pressures on the AUD/NZD pair.
The dollar managed to recovery against major currencies on the anticipation that the Fed meeting could witness the end of the second round of quantitative easing stimulus program.
Furthermore, the Australian dollar lost ground against the dollar and Japanese yen due to weaker commodity prices as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Fundamental Analysis For April 27, 2011

Posted: 26 Apr 2011 05:40 AM PDT

By ForexMansion.com
 
The USD/JPY pair dropped to reach a new one month low, the Japanese currency saw heavy demand since the beginning of the week supported by the absence of fundamentals from major economies and high volatility ahead of the FOMC and growth figures.
Despite the recent JPY strength, the USD managed to recovery against major currencies on the anticipation that the upcoming Fed meeting could witness an end for the second round of quantitative easing stimulus program.
On the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Moves Below 100 Hour MA But Bull Flag Still A Possibility

Posted: 26 Apr 2011 05:36 AM PDT

The GBPUSD is being pressured in the NY morning trade in a continuation of the up and down nature of the trading day today.  The price has moved back below the 100 hour MA at the 1.6486 level.  The key target price on the downside is the 1.6432 level where the 38.2% retracement of the move up from the April 18th low to the April 21st high is located.  Channel trendline support is also at the level (bull flag possible).  I would expect good support against the level.
RIght … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/CHF Technical Analysis April 26, 2011

Posted: 26 Apr 2011 05:36 AM PDT

By ForexMansion.com

The EUR/CHF pair fell today, and is currently testing the 1.28 level – a place that has been somewhat supportive in the past. Because of this, a bounce is certainly possible. The truth about this pair is at the moment – it looks tired and somewhat confused. Long-term it is in a downtrend, but the recent action suggests that we may be entering more consolidation. Look for the fight to begin between the 1.27 and 1.30 areas.

Originally posted here
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3 Bloomingdale’s To Macy’s Kitty

Posted: 26 Apr 2011 05:36 AM PDT

Macy's Inc. (NYSE:M), one of the leading department store retailers in the U.S., recently announced its plan to open three more Bloomingdale’s stores this fall. The operator of 850 departmental stores in 45 states started the Bloomingdale concept a year ago by opening four Bloomingdale's outlets.
Bloomingdale's target is to offer its customer the best of both worlds while providing comfortable yet stylish dressing materials. Bloomingdale’s welcomes every season with collections that awakens … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR Gains Despite Sovereign Debt Worries, GBP Knocked Back On Industrial Orders Bookings

Posted: 26 Apr 2011 05:34 AM PDT

With the market back to full strength after the Easter holiday, we see a return to USD weakness in the EUR/USD pair as traders head into the FOMC meeting with their bets that the EUR/USD will rise further after Bernanke and co. deliver a slow as you go plan for exiting its loose monetary policy.
Greek Restructuring Talk Continues, Periphery Yields Hit Records
The EUR brushed off talk of Greek restructuring, as we had two developments on that front. First, an aide to Angela Merkel said that "I … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Higher As Ford Gains; Dow Futures Up 0.35%

Posted: 26 Apr 2011 05:34 AM PDT

Forex Pros – U.S. stock futures pointed to a higher open on Tuesday, as a flurry of better-than-expected corporate earnings reports from bellwethers like Ford, UPS and 3M Company lifted market sentiment, while the Federal Reserve was to begin its two-day policy meeting later in the day.&nbsp; <br /><br />Dow Jones Industrial Average futures pointed a gain of 0.35%, the S&amp;P 500 futures climbed 0.38%, while Nasdaq 100 futures indicated an increase of 0.32%. <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Technical Analysis April 26, 2011

Posted: 26 Apr 2011 05:33 AM PDT

By ForexMansion.com

The AUD/USD pair fell today, but has found the 1.07 area as supportive for the moment. Although this is a good sign, this pair desperately needs a pullback, and today was the first sign of one. If we can pullback and find supportive action around the 1.05 area – this would get us interested in buying again.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
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AUD/NZD Technical Analysis April 26, 2011

Posted: 26 Apr 2011 05:32 AM PDT

By ForexMansion.com

The AUD/NZD pair drifted lower today, but only slightly so. The pair continues to be stuck at these levels, (1.34) and is simply looking for a catalyst to continue in one direction or the other. Keep in mind, the overall trend is up, no matter what it has done recently. The market should get moving soon, and an explosive candle in one direction is what we need to see in order to get excited about entering another position in this pair.

Originally posted here
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Earnings Preview: Dr Pepper Snapple

Posted: 26 Apr 2011 05:25 AM PDT

Dr Pepper Snapple Group Inc. (NYSE:DPS) is scheduled to report its first-quarter 2011 financial results before the opening bell on April 27, 2011. The current Zacks Consensus Estimates for the quarter is earnings of 46 cents a share. For the quarter under review, revenue is $1,308.0 million, according to the Zacks Consensus Estimate.
Fourth-Quarter 2010, Summary
Dr Pepper reported fourth-quarter 2010 adjusted earnings of 67 cents per share compared with 44 cents in the year-ago period. Quarterly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD And GBP/USD In Flag Patterns

Posted: 26 Apr 2011 05:00 AM PDT

EUR/USD Maintains Bullish Momentum and Breaks out of Consolidation (4/25)
GBP/USD Attempting to Break Above a Wedge Pattern (4/25)
EUR/USD

Short-Term to Medium Term- The EUR/USD is seen in a flag pattern, attempting to break to the upside.The RSI in the 1H chart has broken above 60 to invalidate the bearish momentum it has collected in the "flag" pattern.
- Consolidation patterns can twist and turn into more complex ones, as we saw in the EUR/USD yesterday breaking out of a narrow range, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Weaker Dollar Down Vs. Most Rivals As Fed Outlook Weighs

Posted: 26 Apr 2011 04:35 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, ahead of a two-day U.S. Federal Reserve policy meeting which was expected to give no hint of imminent policy tightening.<br /><br />During European afternoon trade, the greenback was lower against the euro, with EUR/USD easing up 0.17% to hit 1.4606.<br /><br />An auction of Spanish government debt met with strong demand earlier in the day, easing concerns that the indebted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Erases Gains After U.K. Manufacturing Orders Slump

Posted: 26 Apr 2011 04:20 AM PDT

Forex Pros – The pound erased gains against the U.S. dollar on Tuesday, following a report by Confederation of British Industry showing that manufacturing orders unexpectedly slumped this month.<br /><br />GBP/USD retreated from 1.6532, the daily high, to hit 1.6486 during European early afternoon trade, slipping 0.07%.<br /><br />Cable was likely to find support at 1.6384, the low of April 21 and resistance at 1.6597, the high of April 21 and a 16-month high.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Euro Hits Fresh 16-month High Against Weaker Dollar

Posted: 26 Apr 2011 03:51 AM PDT

Forex Pros – The euro extended early gains against the U.S. dollar on Tuesday, advancing to a fresh 16-month high, boosted after an auction of Spanish government debt met with strong investor demand.<br /><br />EUR/USD hit 1.4652 during European late morning trade, the pair&rsquo;s highest since December 15 2009; the pair subsequently consolidated at 1.4613, gaining 21%.<br /><br />The pair was likely to find support at 1.4327, the low of April 20 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Technical Analysis April 26, 2011

Posted: 26 Apr 2011 03:50 AM PDT

By CommoditiesMansion.com

Natural gas finished the day fairly unchanged, and stalling at the beginning of the massive resistance area from $4.40 to $4.50. This shows how important this area might become, as it could be the launching point for a bullish run. For the time being, it looks like it might hold. However, if we get a close above $4.50, it could signal new buying coming into the market. A pullback seems likely at the moment though.

Originally posted here
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