Monday, March 30, 2009

Super-natural gas

From FT Alphaville:

There have been some strange goings-on in the US natgas market, according to Stephen Schork of the Schork Report. Note the charts below.

Nymex Natural Gas futures - 10 days

NG Nymex Means - Stephen Schork

That’s certainly a somewhat sudden and swift correction downwards in the price of natural gas futures on the Nymex exchange, following an equally swift and sudden move upwards on March 19th . All of which leads Stephen Schork to speculate on Monday as follows...MORE