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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (23082)	10/26/2016 7:51:59 AM
From: Goose94	Read Replies (1) of 203276

(HNU-T) Nat-Gas and the Influence of La Nina Look for a high in gas prices soon, a correction and then a rally into the summer of 2017. Oceanic Niño Index http://ggweather.com/enso/oni.htm Histograms identify October of moderate La Niña's The tropical Pacific Ocean goes through natural warming (El Niño) and cooling (La Niña) cycles. Last winter was categorized as a 'very strong' El Niño comparable to those of 1972/73, 1982/83 and 1997/98. Subsequent years see moderate La Niña's. This year is experiencing such a cooling trend. Natural gas futures contracts have a limited trading history, dating back to 1995. When we view the relationship between them and the La Niña Years we find a correlation. Natural gas tends to be strong for seven to ten weeks in September/October and rollover in November (2010 initially peaked at 7 and then extended to 13 weeks). The current rally has finished its ninth week. The weekly RSI(14) normally topped in the 60's. It is now 68. Watch for a high soon and then a downside break of 20% or more. Once a break of six or more weeks has run its course, we could look forward to the possibility of a rally lasting into the summer of 2017. 2016 October Tops 1998/99 1999/2000 2007/2008 2010/2011 Bob Hoye

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