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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (83382)	1/7/2024 11:52:49 PM
From: Sun Tzu	Read Replies (2) \| Respond to of 98009

Two things: #1 ignore the seasonal spikes and just trace the lows of each year for natgas. You'll see that it falls over the next year and then trends upward. The exact opposite is happening with the oil forward curve. It rises in the near term and then tapers down over the longer term. How can two moving averages that are exact opposite be both in backwardation? NG should be interesting in a 2+ yr horizon. The market is telling you it will be much higher. At least this is my super dumb dumb read reading. You are the expert. Why do you think they are both in backwardation? If you have a detailed 1yr forward chart of oil and gas, let's look at it.