Discussion in 'Commodity Futures' started by Shagi, Feb 8, 2008.
We are positioned for a big run up - stay tuned
i think the fundamentals are finally getting to be decent, and there should be price support considering the 'el cheapo' alternative power plant fuel source, coal, is no longer 'el cheapo'.
2008 should be a banner yr for natty... $14 price target, assuming crude stabilizes at $85 for 08.
I think a long NG, short CL spread looks appealing here.
Natty party is rock 'n rolling now, but short CL i will wait until takes out $85- it pretty strong up there
$80 - $85 buyers await in masses - unless there is decisive weekness there or hestation on buyers side then maybe a shortie
Natural Gas has several times failed to break out the $8 & $9 zone. This move if it gets to $9.5 then there is no stopping to $11 -$12
For trading purposes on the Daily we have rolled to April and stops at $8.3
The natural gas juggernaut continues to roll - stops updated $8.7
Saturday afternoon and natty is getting BID. ICE trading $9.38 last in March.
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