ioc and ewc

Ok from my perspective I am starting to look to taking a poistion in EWC basedupon the bullish outlook developing in the LNG market(both fundamental and technical) and the bullish technical picture emerging in both IOC and EWC.

To beging the commercials have accumulated a bullish long position and the supply going forward is begining to look tight. Japan IMO will begin to toward alternative power sources as will the rest of the world.

Below I am posting a weekly chart of IOC and they don't come more bullish IMO, a break of the double top projects a price of $120p/s

http://stockcharts.com/h-sc/ui?s=IOC&p=W&b=5&g=0&id=p00931110394

Following is a weekly chart of Natgas. Whilst not as decidedly bullish the are clear signs that a "synetrical triangle" is forming and a break will soon come, either up OR down.

IMO based on the positions of the commercials who are always right, that break will be higher. A break higher out of that pattern will unleash a torrent of momentum that should propel nat gas to at least $10.

http://stockcharts.com/h-sc/ui?s=$NATGAS&p=W&b=5&g=0&id=p75182427788

It is interesting to note that a weekly chart of EWC has mirroed the chart of $natgas almost indentically and as such a break higher in $natgas one would have to conclude would result in a break higher in EWC.

All in all, I think that going forward the outcome for EWC looks very positive.