ive watched natty drop 50 cents in two days, whereas H/J went from -.5 TO-.8. you mentioned v/x in an earlier post, it looks like it got whacked pretty good though.
you are looking at the wrong spreads rtrader. hj is a dead issue at this point. the contango is widening further out the curve, in the last two weeks, v09/f10 has widened from .90 out as far as 1.40. hj is not the spd it used to be on the upside, and it has limits of how much it will widen in a bear market anyway.
you are right walt, it has done nothing since dec but slowly and surely widen it may have peaked at .-95 earlier this week or maybe not, i guess like anything time will tell. thanks for the heads up on the deffered spread. Take care
FP seems pretty hard to work right now with any expectation of getting done. The spreads in the back are barely moving, relative to front. Couple of my guys are telling me that most FP traders have moved to trading the options instead. I think we'll see a 3-handle pretty soon.
The EIA reported that underground storage inventories fell by 186 billion vs the 178-183 bcf drop expected by Platts. http://finance.yahoo.com/news/DOE-says-natural-gas-supplies-apf-14195039.html