Big Dog's Boom Boom Room (Moderated) Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room (Moderated)

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From: XoFruitCake	4/18/2005 3:43:51 AM
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relationship between future price and future of oil I finally caught up with all the post this weekend. Thanks all for pointer of book/site etc for TA. I will go over them. I read all the argument for oil crash and burn (US recession, China slow down, China banking problem, oil inventory build in US, gasoline inventory build etc.). They all make a lot of sense. However the future price for Oil is still around 50 for the next 4 to 5 years, NG is still around high 6. The future market is the place where trader place their money and bet on the price of commodity. So would it be fair to say that the collective wisdom of the future market participants is saying that Oil and ng is still in short supply (compare to 30 oil and 4.5 NG)? So if the future market is saying that we are still in a very healthy oil and NG environment. What make the bear think that all the things that we worry about has significant impact to the energy market at this point in time ?? Any one want to jump in?

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