Bond Trader: Sweet Catch. BTW, did you know that on a BTU-adjusted basis using E-85 fuel is about identical to using CNG? Any of you guys trade the ethanol crush?
New posting on seasonal rally thoughts- http://seekingalpha.com/instablog/6...al-gas-are-we-on-the-cusp-of-a-seasonal-rally
This just updated this morning, meteorological summer temps (June-Aug). This is why we had smaller injections YoY- Go to the dropdown under "period" and pick "summer". Look at 2010 and the widespread heat, and compare to Summer 2009. http://www.ncdc.noaa.gov/oa/climate/research/cag3/cag3.html
here it is without having to find it yourselves- http://seekingalpha.com/instablog/691519-papa-roach/92334-summer-temperature-update
Great Article - Except for what looks like a bit of short squeeze over the last couple days, the seasonal awaits weather that hasn't arrived and storage numbers remain huge
Thank you for the article! Question: What is the "winter strip" (Nov 10 to Mar 11) and "summer strip" (Apr 11 to Oct 11) and how is it used?
For the next several months, I will try to look for correlations between the HO Crack and the NG Calendar in terms of winter heating. Not a great correlation, but sometimes it offers a jump provided you don't play on Wed. or Thurs. mornings. I also like looking at the NOAA HDD data.
Quite a bit of chatter from private meteorologists going around about a blocking feature set-up to deliver frigid temps into the eastern 2/3rds to 1/2 of the US over the next several weeks. Overall winter forecasts are bearish, however this cold regime will likely spark a larger short covering into December, just in front of major index fund re-balancing purchases in early January. We could see some oversized squeeze in the making here.
Thanks for the info. With the thin volume in stocks during the coming holiday week the hedge funds are usually running low priced and/or low volume stocks. Is the trading volume for NG usually low enough in the holiday week to allow some extra upside move or are you just expecting a pop on the anticipated temps? TIA.