The price of natural gas rose today despite the fact that supplies rose in the latest government survey. When supplies increase, but prices rise, that's a pretty good sign of oversold conditions. With crude oil substantially higher today, natural gas appears to have been destined to follow! I've been watching for this!Thursday, August 21, 2008
Natural Gas Bottoms on Report
The price of natural gas rose today despite the fact that supplies rose in the latest government survey. When supplies increase, but prices rise, that's a pretty good sign of oversold conditions. With crude oil substantially higher today, natural gas appears to have been destined to follow! I've been watching for this!
Labels:
natural gas