Natural gas looking at $1.799 target, gold to $1,566

Nat gas making new 10-year lows



  • Short Term Trends are bullish.
  • Confirmation of a bottom on 03/09/12 with a range violation @ 1709.90 and with a close @ 1711.50 or higher. Upside Target 1715.40-1725.90. Possible confirmation of a top with a range violation @ 1665.00. Possible confirmation of a top with a close @ 1665.00 or lower. Downside Targets 1648.90-1612.20. CATASTROPHIC LOW 1566.10.
  • Gold takes a $22 dive shortly after 2:00CST on speculation the FED won’t extend U.S. Monetary Stimulus.
  • Look for our full weekly range to come into play and a close below last week’s low should accelerate to downward price action.
  • Projected Daily Range: 36.20
  • Projected Weekly Range: 73.80
  • Projected Monthly Range: 176.10



  • Short Term Trends are bearish.
  • Big OVB down day on a 140 point range closing in the lower 23%.
  • Confirmation of a top on 02/29/12 with a range violation and close below @ 1.3355. Downside Target = 1.3027
  • The 17-nation euro fell against its 16 major counterparts as a European Central Bank council member said they are discussing ways to withdraw some of the emergency cash they injected into the banking system.
  • A couple of weeks ago you saw the high of the retracement and we are heading south towards our Intermediate Downside Targets 1.2185-1.2153. 
  • Projected Daily Range: .0133
  • Projected Weekly Range: .0267
  • Projected Monthly Range: .0601



  • Short Term Trends are bullish.
  • Confirmation of a bottom on 03/09/12 with a range violation @ 1360.25 and a confirmation of a bottom with a close @ 1360.25 or higher while closing @ 1360.50. Upside Target = 1395.25-1404.50.
  • The June S&P’s soared today on the strongest retails sales figures in the past 5 months taking it to the highest level since June 2008 chasing the 1400 threshold.
  • Our 2012 Q1 Upside Target @1383.50 was achieved on 03/13/12. Check our website for 2011 Q4 Upside Target where we forecasted the high within 3 ticks.
  • Projected Daily Range: 14.50
  • Projected Weekly Range: 26.50
  • Projected Monthly Range: 73.50
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About the Author
Jim Parrish and Kris Hicks

Parrish Hicks Capital Research is a trading and technical analysis firm that specializes in Energy and Metal commodity futures. The two founders, Jim Parrish and Kris Hicks, have a combined 38 years’ experience in the commodity business and in 2011 accurately forecasted both $25 moves to the downside in May and July and the $25+ move to the upside in October. They also called the all-time high day for Gold on September 6, 2011 and forecasted a projected downside target of 1528.10 in March 2012.  Their trading methodology has a high degree of accuracy which confirms tops/bottoms, projected trading ranges and projected targets for those ranges. Their expertise is focused on 16 commodities plus the comparable ETF markets. You can reach them at and or at

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