RE: RE: Next few weeksAll factors have to be taken into account to predict with any accuracy the price movement of natural gas. As with any commodity the supply and demand influence the price. CHK is today decreasing growth forecast from 40% to 25% and many more NG companies are focusing on their oily assets solely until the price recovers to 6 bucks plus for NG.
The big man is taking a stake in CHK so I like to follow the billionaires as they influence the market and have lots of cash to put behind their bets.
Volatility in NG prices are a precursor to a large spike ..... that's from historical prospective along with the 6/1 ratio.