CL Redux

DX now at 80 when it was around 80 in early august oil was at 82 and back in april when the dollar was getting rapped oil was at 87. The Mr Obvious in me tells me over time this relationship is weakening but taking other factors into consideration.... Umm i can't its to early. For anyone trading I would go long and target 76-76.20 then wait and observe.

Oh yeah today is Wed no rational happens until about 1pm
 
Quote from FreeMarketRider:

Hope I'm not too off topic here - Trying to reconnect to markets. Looking at long term charts in energy complex. NG is showing almost a $5 higher off set from pre-top pricing ('07), from present prices. In the same time frame pre-top CL pricing is showing about $15 offset below CLZ0. Yes - I know there are a lot of factors at work (weather, supply, storage, international vs domestic market, political risks, etc). This does seem odd.
More...


This is the main culprit of way lower NG prices:

http://en.wikipedia.org/wiki/Hydraulic_fracturing
 
Keeping an eye on this, although for the moment it seems a long shot.

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http://www.nhc.noaa.gov/index.shtml
 

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