Natural Gas: Anticipating a Colder Heating Season
Eric De Groot | Oct 21, 2014 08:03AM ET
Natural gas (NG), despite a cooler than normal spring and summer, has been building cause since February/May 2014 (chart 1); NG's trend oscillators have been negative for months. While retail money, emotionally-driven and perpetually price focused, chases weakness with the pessimistic herd, they're likely missing an important change in the message of the market. This invisible hand, likely preparing its winter home in Bermuda while the majority chases its tail, is clearly anticipating a colder than normal heating season.
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