Natty

NG still in a down trend .. however the oscillators are getting better. Need more time to see if a bottom is in place.

H/J back towards flat ~ .01 -the cold weather probably drove it up a bit. Anyone buying H/J here?
 
Quote from Landis82:

And yet the nat-gas equities and drillers spent much of the day in positive territory.

Amazing.
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Lot of correlations in stocks disappeared today. Oil stocks/etc were up, oil down, dollar down pretty big against major currencies, silver/gold flat to down, etc...
 
Quote from scriabinop23:

Lot of correlations in stocks disappeared today. Oil stocks/etc were up, oil down, dollar down pretty big against major currencies, silver/gold flat to down, etc...
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yep.
also add: 30yr going up with stocks going up

Anyway, will probably revert to "regular" tomorrow or Monday.
 
Quote from lynx2004:

yep.
also add: 30yr going up with stocks going up

Anyway, will probably revert to "regular" tomorrow or Monday.
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yea 30 yr move was bizarre, likely correlated to that govt announcement on MBS purchase.
 
Treasury prices advanced overnight. Not really sure how the debt mrkt has been affecting the commodity mrkt though lately.

Re: natty, I think we'll see a $5 handle soon.

Re: crude, I think we'll see $30 alot sooner than I had thought.
 
Quote from ogarbitrage:

Treasury prices advanced overnight. Not really sure how the debt mrkt has been affecting the commodity mrkt though lately.

Re: natty, I think we'll see a $5 handle soon.

Re: crude, I think we'll see $30 alot sooner than I had thought.
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Really, hmmm talk to you in Jan. I hope its 5 bucks. upside could be very very good.
 
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