i think you are spot on pwr.
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Natty
- Thread starter PAPA ROACH
- Start date
Natty acts absolutely horrible with much colder temps coming into the upper midwest by midweek.
Traded down to 5.485 today on the weaker industrial demand news of Dow Chemical shutting down plants.
http://www.bloomberg.com/apps/news?pid=20601072&sid=a.moabuuxcdo
:eek:
Traded down to 5.485 today on the weaker industrial demand news of Dow Chemical shutting down plants.
http://www.bloomberg.com/apps/news?pid=20601072&sid=a.moabuuxcdo
:eek:
i got some bot at -.65, this is just a day trade certainly not building a position around this. Long f/g too. Same circumstances as above. Did anybody watch the f/h CL spread what the hell happened there??? Went the opposite way of the 4 dollar rally, from -3/50 to 5.00. what a deal did anybody catch that or get caught in it??
Quote from Rtrader2525:
i got some bot at -.65, this is just a day trade certainly not building a position around this. Long f/g too. Same circumstances as above. Did anybody watch the f/h CL spread what the hell happened there??? Went the opposite way of the 4 dollar rally, from -3/50 to 5.00. what a deal did anybody catch that or get caught in it??
I did not see that. My experience is that thes "spreads" are somthing funds play for a while, then once the reality or physical sesnse comes back to market they go very much the other way.
Look, Nat Gas is going to really tank. We have chemical companies shutting plants, LNG that was marked for Asia and Europe coming here any chance it gets, slow electrical demand etc. etc ( and then comes perception on top of all that!)
Quote from pwrtrdr:
I did not see that. My experience is that thes "spreads" are somthing funds play for a while, then once the reality or physical sesnse comes back to market they go very much the other way.
Look, Nat Gas is going to really tank. We have chemical companies shutting plants, LNG that was marked for Asia and Europe coming here any chance it gets, slow electrical demand etc. etc ( and then comes perception on top of all that!)
I thought LNG only comes here when price gets rediculously high? Why would LNG be on the way from Asia with price in the $5s?
Quote from Rtrader2525:
i got some bot at -.65, this is just a day trade certainly not building a position around this. Long f/g too. Same circumstances as above. Did anybody watch the f/h CL spread what the hell happened there??? Went the opposite way of the 4 dollar rally, from -3/50 to 5.00. what a deal did anybody catch that or get caught in it??
Same here -- short-term trade got in around the same level. looking for a bounce to dump it.
Is there a floor level for the h/j? i.e., storage/carrying cost etc that will put in a floor. I looked at the data since 2001 (thx for the link posted earlier), and the lowest h/j went was -0.20 (compared to now -0.065).
Quote from lynx2004:
Same here -- short-term trade got in around the same level. looking for a bounce to dump it.
Is there a floor level for the h/j? i.e., storage/carrying cost etc that will put in a floor. I looked at the data since 2001 (thx for the link posted earlier), and the lowest h/j went was -0.20 (compared to now -0.065).
These are not historic times- its all new- if its liquid it gets sold- plenty of gas demand slow.
As far as spread- same thing, cant compare to past- all new. Just like on upside, look at charts it ges waaayyy over done because large funds plowing in or in or out of a rather small liquid market