If hurricanes are threat then that should be for both. Give me a logic for 20% down of NG and 20% up on crude.
GRAPH LIVE - https://tradingeconomics.com/commodity/natural-gas
I noticed that. It closed in the U.S. on Monday at about $2.09.
Late last night (Monday 28th - Central time U.S.), like a bottle rocket Natural gas shot up over 33%. My jaw dropped.
I won't kid myself and say this is based fully on fundamentals. There is much more to it. Once the momentum gets rolling, there is no stopping a juggernaut. There are some big players involved with this kind of move.
It reminds m