The 32 Year Cycle In NG 'should' end last week of Feb. 'Should' .....
Then the next 16 year cycle or near that should be all up, take NG to new all time highs.
I am going to play the cycles, yes in Boil, try to make some timely trades along the way to trade up in shares. The effects of doing this if successful compound. Instead of getting like 100X or whatever over the long cycle, it might be 10 times that much. Leave the day trading to others.
The widow maker is all but thru making widows. Left more than a few in its path.
On a fundamental note, not a global warming advocate. The opposite might be in play, been cooling off up north, imho. We just went through our worst cold snap in five years or so. Evidence is mounting that glaciers and Arctic sea ice are expanding again, but this is a slow moving thing to follow. Really need more data. Seems some changes are occurring all the same. Look at CA, and Lake Mead is rising again. Just a few years ago the end of the world was a coming.
What would really drive NG at some point in the future is a good hot summer coupled with cold winter, L48. Or a couple in succession. Don't count it out.
Rig rate activity still in the toilet.
Gas rigs awa oil rigs in action in the all time low area, for modern times.
Gas rig count hovering a bit over a hundred.
eia.gov
eia.gov
This industry does not turn on a dime, long lead times involved, awa a money trail. Lot of borrowed money involved, higher prices needed to get the money rolling again. Probably going to be a slow turn in activity.
And what with all the LNG being exported and still growing, those surpluses could disappear fast.
No positions yet.
Tweets
Self Explanatory.
Short term cycles indicate high probability of bottom last week of Feb. Seeing some nice Rsi divergences.
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