RE: RE: Oil and NGMost commodities e.g. NG, Gold etc are priced in USD so that is a small part of the equation with oil's moves as well others. Oil is not a currency although it is an interesting and popular theory. When regulators talk about forcing delivery on the contracts for the commodity it applies to Oil as well as NG, yet oil persists. It is certainly more of a political tool /weapon than NG but it fails the test as a currency.
Oil should and would be suffering the same suppression as NG if it was allowed to react normally (yes due to deleveraging).
I believe oil is destined to fall & NG should move temporily higher to restore balance in the ratio although it is possible that it will continue to languish until it is joined by oil.
Just my thoughts...
Drainman