A SQUARE :: 27Jun07 Front Street Resource Hedge Fund
Fund selects and strategically trades both long and short positions in equity, debt and derivative securities of business entities operating in a range of natural resource sector industries including mineral resource mining and exploration, forestry, oil and gas exploration, production; power generation and water resource projects
Friday’s Settlement: 2902 (- 82) UPDATE: NO CHANGE: For the last sixteen weeks 3010 (our proprietary black resistance neck- line) has acted as the key upside pivot, and price action remained under that point (on a close basis) for this entire period. 3010 remains the pivot between a bullish and bearish market. It (3010) has worked like magic. Providing resistance to the tick. Eight days ago the market once again failed at that region, and is now suffering.