RE:RE:Where do things go from here...this weekNatural gas seems tricky....January weather really effected NG production.....
Million dollar question is how long LNG to Europe holds.....
When winter is over iN Europe they will start to put NG into storage fast.
Winter weather uses incredinle amount of fossil fuels.
If production keeps jarring up...3-3.50 can happen temp basis.
Oilpig1 wrote: Your macro assessment is spot on, the world is so far from an Iran deal, I dont think iran is even bothering. Oil bounced nicely of 10 day ema today. Price closing below 87.70 could mean trend change, although consolidation at 83 would make sense before next leg up. Either way, peak oil prices won't happen until the summer. Natural gas looks bad, but i expect this pull back until air conditioning season begins down south. Should level out around 3.69