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A quick update to start the week. We are topping. This COULD just drop to around 380, but I expect chop at the top. There are many reasons for the drop. Basically it all boils $ProShares Ultra Bloomberg Natural Gas (BOIL.US)$ 😆 down to inflation. It's not coming down, it was never going to. The numbers are lies because they are month over month or year over year. The 9% inflation year screwed everybody because no one got a 10% raise that year. The best anyone can do is keep up kn...
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Natural Gas Has Already Ripped
Recently, natural gas futures had a big rally. This was mostly due to the spat of severely cold weather that came unexpectedly and spread across the entire United States.
Economic data in the U.S. has shown that natural gas in storage has been dropping since the beginning of December. Based on the laws of supply and demand, this could have added upward pressure on the price of the commodity.
It should be noted that nat...
Recently, natural gas futures had a big rally. This was mostly due to the spat of severely cold weather that came unexpectedly and spread across the entire United States.
Economic data in the U.S. has shown that natural gas in storage has been dropping since the beginning of December. Based on the laws of supply and demand, this could have added upward pressure on the price of the commodity.
It should be noted that nat...
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