Trans Energy Inc. (fka TENG)

[Ruellit]

A Technicial Analysis of Natural Gas Prices!
This was taken off the RB board and was posted by candlstick.


TFC Commodity Charts
Natural Gas (NG, NYMEX)
Daily Commodity Futures Price Chart: April, 2001

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http://www.tfc-charts2.w2d.com/charts/NG41.GIF


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Contract Specifications: NG, NYMEX Trading Unit: 10,000 million British thermal units
(MMBtu)
Tick Size: $0.001 (0.1 ¢) per MMBtu ($10 per contract)
Contract Months: All months
Trading Hours: 10:00 A.M. - 3:10 P.M., for the open outcry session.
After-hours trading is conducted via electronic trading system from 4 P.M. to 7 P.M., Mon
through Thurs.
All times are New York time.
Last&Trading Day: Three business days prior to the first calendar day of the delivery
month


Analysis
Tue 1/30/01

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is below the moving average so the trend is down.

Additional Analysis: Market trend is DOWN.

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is
the slow moving average. For the longer term analysis, plot2 is the fast moving average
and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bearish because the fast moving
average is below the slow moving average.

Additional Analysis - Short Term: The market is EXTREMELY BEARISH. Everything in
this indicator is pointing to lower prices: the fast average is below the slow average; the
fast average is on a downward slope from the previous bar; the slow average is on a
downward slope from the previous bar; and price is below the fast average and the slow
average.

Conventional Interpretation - Long Term: The market is bearish because the fast moving
average is below the slow moving average.

Additional Analysis - Long Term: The market is EXTREMELY BEARISH. Everything in
this indicator is pointing to lower prices: the fast average is below the slow average; the
fast average is on a downward slope from the previous bar; the slow average is on a
downward slope from the previous bar; and price is below the fast average and the slow
average.

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an oversold condition. An
oversold reading occurs when the close is nearer to the bottom band than the top band.

Additional Analysis: The market is oversold and appears to be finding some support.
Confirming this, the market just signaled a bullish key reversal off a 9 bar new low. Look
for a bottom in this area.

Volatility Indicator: Volatility is in a downtrend based on a 9 bar moving average.

Momentum Indicator:

Conventional Interpretation: Momentum (-0.75) is below zero, indicating an oversold
market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The
short term trend, based on a 9 bar moving average, is DOWN. Momentum is indicating
an oversold market and appears to be slowing, suggesting some strength. A modest
upturn is possible here. A bullish key reversal off a 9 bar new low here confirms this
outlook.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (-11.86) is below zero, indicating an oversold
market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The
short term trend, based on a 9 bar moving average, is DOWN. Rate of Change is
indicating an oversold market and appears to be slowing, suggesting some strength. A
modest upturn is possible here. A bullish key reversal off a 9 bar new low here confirms
this outlook.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (-119.94) recently crossed below the sell line into bearish
territory, and is currently short. This short position should be covered when the CCI
crosses back into the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large
amount of time spent out of the market in the neutral region. Initiating signals when CCI
crosses zero, rather than waiting for CCI to cross out of the neutral region can often help
overcome this. Given this interpretation, CCI (-119.94) is currently short. The current short
position will be reversed when the CCI crosses above zero. The market just signaled a
bullish key reversal off a 9 bar new low, suggesting closing any shorts here.

ADX Indicator:

Conventional Interpretation: ADX measures the strength of the prevailing trend. A rising
ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend
which is subject to reversal. Currently the ADX is rising.

Additional Analysis: The long term trend, based on a 45 bar moving average, is up.
Further, a rising ADX indicates that the current trend is healthy and should remain intact.
Look for the current uptrend to continue.

DMI Indicator:

Conventional Interpretation: DMI+ is less than DMI-, indicating a downward trending
market. A signal is generated when DMI+ crosses DMI-.

Additional Analysis: DMI is in bearish territory. However, a bullish key reversal off a 9 bar
new low here suggests an upside move is possible.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 44.02). This indicator
issues buy signals when the RSI line dips below the bottom line into the oversold zone; a
sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat oversold (RSI is at 44.02), suggesting a possible
rally. Supporting this outlook, the bullish key reversal off a 9 bar new low here suggests an
upturn in the market.

MACD Indicator:

Conventional Interpretation: MACD is in bearish territory, but has not issued a signal here.
MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The
short term trend, based on a 9 bar moving average, is DOWN. MACD is in bearish
territory. However, the market just signaled a bullish key reversal off a 9 bar new low.

Open Interest Indicator: Open Interest is in a downtrend based on a 9 bar moving
average. While this is normal following delivery of nearer term contracts, be cautious.
Decreasing open interest indicates lower liquidity.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is
UP. The short term market trend, based on a 5 bar moving average, is DOWN. A bullish
key reversal off a 5 bar new low here suggests an upmove, and decreasing volume
supports the likelihood of an upturn in the market.

Stochastic - Fast Indicator:

Conventional Interpretation: The stochastic is in oversold territory (SlowK is at 13.91; this
indicates a possible market rise is coming.

Additional Analysis: The long term trend is UP. SlowK is showing the market is oversold.
Look for a bottom soon.

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is in oversold territory (SlowK is at 16.49); this
indicates a possible market rise is coming.

Additional Analysis: The long term trend is UP. The short term trend is down. SlowK is
showing the market is oversold. Look for a bottom soon.

Swing Index Indicator:

Conventional Interpretation: The swing index has crossed zero, identifying this bar as a
short term pivot point.

Additional Analysis: No additional interpretation.

Important: This commentary is designed solely as a training tool for the understanding of
technical analysis of the financial markets. It is not designed to provide any investment or

Note: The above analysis is computer generated from mathematical formulae, and is
provided for educational purposes only. Neither the above, nor any information on this site
is intended as a trade recommendation.