FX Calendar

Saturday, November 21, 2009

Air Gas ?

ARG


It is a unique name, Air Gas(ARG). The gas seems to be letting out and it has broken its bullish up sloping trend line and made a lower high and lower low. Support does exist at $42.25.


Why I am thinking that there is more gas to be let out? May be I am looking at the longer time period chart given below. Even though the inflation has done its trick but the price may correct more than to $42.25.
ARG (longer period)



ATI is another beauty which is ready to break out of its triangle. Which way, I beg to ask?
IMHO to the downside. Lets wait and see how it unfolds. It has shown a lower high so far. A lower low will provide the clarity :)
ATI

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