- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: BOIL has become predictable
Posted on 3/3/15 at 2:15 pm to white perch
Posted on 3/3/15 at 2:15 pm to white perch
Monitoring the situation carefully.
"The major level that this market must break in order to achieve this suggested 2.20 would be 2.59, our current yearly low and a supportive level since 2012. Upside resistance levels exist around 2.80, 3.00, and the un-filled gap in-between 3.21 and 3.27."
To oversimplify, what they are talking about is to get to $2.20, which is the price point drop as a percentage of crude, and also where gas dropped before bouncing in 2012. During the summer, not winter.
"The major level that this market must break in order to achieve this suggested 2.20 would be 2.59, our current yearly low and a supportive level since 2012. Upside resistance levels exist around 2.80, 3.00, and the un-filled gap in-between 3.21 and 3.27."
To oversimplify, what they are talking about is to get to $2.20, which is the price point drop as a percentage of crude, and also where gas dropped before bouncing in 2012. During the summer, not winter.
This post was edited on 3/3/15 at 2:33 pm
Posted on 3/4/15 at 8:17 am to Iowa Golfer
Short DGAZ. A long way to go, but I think I'll get out ok.
Posted on 3/4/15 at 8:42 am to Iowa Golfer
$2 gas seems like it could be a reality this spring - in a lot of ways we are in a worse place than 2012, mild winter and high storage aside. There is massive infrastructure coming online in the next 6 months to move Marcellus gas south. A lot of the major production receipt points in the Marcellus are trading around $1.50 today. Henry hub basis could get crushed as a result. The only thing offering a floor is power producers, but they aren't really in the picture until the summer. Take with a grain of salt though, my timing has been close to 100% wrong with this entire trade the last 12 months.
Popular
Back to top
Follow TigerDroppings for LSU Football News