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Tuesday, March 30, 2010

Natty Gas

Talk about a decline. For the brave, Nat. Gas is currently at a light support, but I am of the belief it goes to toward the mid 3 support depicted in the chart.

If that happens, I believe CHK will head toward 20. (But make no mistake, fundamentally and when looking a 6-12months out, current levels are very attractive.)

I will enter (probably pretty heavy) if the low 20s are seen in CHK.

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