Monday, July 28, 2008

Natural Gas Price 7-28-08 Oil Prices - Haynesville Shale

This morning Natural Gas is bouncing back to around $9.30...this is where there is some resistance meaning this is where traders are willing to sell Natural Gas from last weeks action.

If Natural Gas can break above $9.35 and close over this level....Natural Gas will probably close the gap and retest $9.80-9.90 this week.

Oil is up to $124.87 and it seems as though Oil wants to move higher. Don't be suprised if we test $130 this week. Nothing goes straight down with out a bounce.

For more on the companies drilling for Shale all across the Untied States, visit