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The Natural Gas Roller Coaster. Jan 16th 14.2% tradeable range
Usually that means above normal amount of hurricanes. But with fracking, does that matter anymore as far as NG production? I see that Gulf NG production is now only 4% of US production.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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Very interesting, Thanks for the link.
To be honest with the way NG and CL have been in the last year I've become for a Crude trader than a NatGas trader and haven't been paying as much attention to things like this as I used to.
I did ask around though today, and while several people did find it interesting, the general reaction seemed to be indifference.
I suspect this comes down to two main reasons. 1) as you mentioned offshore production is far less significant than it used to be and 2) since Katrina the industry generally views 'canes to be more demand destructive than supply destructive.
I put in an order at 0.3.. will adjust based on what i see
I dont think this is over yet..
NG 14 went to 6.5 and at that time the fly was 0.26
We are already at at 4.8 and its only mid Nov.. not sure how high we go this year.. so the fly may really "fly" this year
