Global Macro Perspectives
Working gas in storage rose 99 Bcf from previous week. The natural gas price got a little ahead of itself on drilling ban. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
Little late…but better late then never… Equities Only extremely favorable economic data could change the negative trend established. This is highly unlikely. So I would say we will soon see S&P 500 at 900. On a macro level, the stimulus is wearing off, politicians and central bankers are not ready to continue with loose fiscal an monetary policies, just the opposite, austerity is […]
Working gas in storage rose 104 Bcf from previous week. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Working gas in storage rose 76 Bcf from previous week. Some signs of increased power generation demand arised, interesting times, maybe a entry point developing. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
Working gas in storage rose 94 Bcf from previous week. Well, the storage will probably be record full before the heating season. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
Working gas in storage rose 83 Bcf from previous week. The price is not reacting, so maybe we have a short-term bottom. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
Equities With my 1,200 S&P 500 target reached I’ve moved to a kind of a ambiguous stance to the markets. Now I believe the equity markets are bound for a 10%+ down move at least. My mid-term view remains unchanged – this is just a bear market rally; U.S. and E.U. economies will experience same […]
Working gas in storage rose 83 Bcf from previous week. The pain is not coming to its end. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures Curve
Working gas in storage rose 73 Bcf from previous week. With this report the storage broke out of 5 year range. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Working gas in storage rose 87 Bcf from previous week. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Working gas in storage rose 31 Bcf from previous week. Price rebounded on oversold conditions/short squeeze and again returned to downward path. Marginal costs of natural gas production is approximately 4 USD/MMBtu on average, so I would look this price as an equilibrium price and trade accordingly. Chart 1. Natural Gas Futures Chart 2. Working […]
Equities Although I’m convinced that the economy is not pulling a V-shaped almost everywhere except in China and in their commodity based economy satellites I believe that in the short term the equity gains will continue. I have a 1200 S&P 500 target. I have only a small exposure to the markets (via a June […]
Working gas in storage rose 12 Bcf from previous week. The speculative futures short positions reached all time high last week, massive short squeeze in making. The question is only at which price. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures […]
Working gas in storage rose 11 Bcf from previous week. Price vise the natural gas futures are getting heavily oversold. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Working gas in storage fell ONLY 11 Bcf from the previous week. We probably see a new post Lehman low for the natural gas this spring or summer. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5-year Range