RE:Good evening, friends. Nice to see "red" happening in indiWell profitmaker shorting oil right now is like some nave tourist deciding to pleasure climb Mt. Vesuvius to peer into that gurgling vent of molten lava. Chances are you may share the same fate as Pliny, -and get turned into charcoal.
And as for natural gas, don’t read too much into the tea leaves re the current stocks being 13% over the five year average. The big story here is the gas directed rig count that has been dropping for 4 years+ and the disappearance of associated natural gas production from the plunging oil directed rig count. If you need more convincing check out the recent move of Nat-gas from its multi-year low of 1.68 to where it is today at 2.33. Now that’s one hell of a move!
In Napier’s book, “Anatomy of the Bear” he remarks with some considerable interest how the bears couldn’t see the stock market making its turn upward in 1933-4. When the realization came, there was such a bout of short covering that the market rose in a whoosh. Far be for me to be the evangelist here, but my advice to you profitmaker, - save yourself before it’s too late.