Don't Ignore This Chart!

Cold weather lifts Gaz

The iPath Natural Gas ETF ($GAZ) surged over 4% after a cold front slammed the Northeast. On the chart below, notice that GAZ broke resistance in mid December and broken resistance then turned into support.

100104gaz Click this image for a live chart.
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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