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To: yard_man who wrote (129608)10/16/2001 12:50:47 PM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 436258
 
>>>What about crude? Maybe that's where you should look for a barometer of future economic activity -- less seasonality there, right?<<<<<

Not sure. NG is used in fertilizers, fiber and also in electricity 3 major consumers of NG. Electricity fiber and fertilizers are GDP oriented. Crude oil is transportation oriented which in it's turn is also GDP oriented so it is difficult to assert simple conclusion.



To: yard_man who wrote (129608)10/16/2001 12:53:51 PM
From: Terry Whitman  Read Replies (1) | Respond to of 436258
 
How about Lumber as a gauge of future economic activity. It seems to do a pretty good job most of the time.

futures.tradingcharts.com

Crude Oil may be affected more by weather issues and such. The price of Unleaded Gasoline should be a better gauge for the economy than crude. It's at $1.12 here- lowest price in recent memory. Correlates w/ new lows in lumber too.



To: yard_man who wrote (129608)10/16/2001 2:54:39 PM
From: ezspkns  Read Replies (1) | Respond to of 436258
 
As NG is largely a flowing commodity its important to watch the contract month. Some of that jump is contained in the new forward month.

EZ