Sorry to burst your bubble
NATGASUSD
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Permian Basin drilling has not only increased Oil Supply, responsible for the lower prices we've seen lately, but also increased Natural Gas Supply.
Supply on Texas has been so much that USA is offering it for free or even paying to get rid of it (source: NGI Bidweek Alert 29th Nov 2018), meanwhile markets still haven't ajusted price because of the perceived cold of winter and speculation.
The major issue is logistics. While many places report a low Natural Gas storage by this time of year, other places have no room to store it. While Trump campaigns for low Oil prices, Permian Basin drillers can't seem to make profit and cover their debt due to infrastructure loans, so basically they are ditching the Natural Gas and focusing on the Oil.
If you live on USA and feel the chilling frostbyte of winter, remember, it's just business (or lack thereof).
If you feel you received useful information, take a moment to give a like, thanks.
NATGASUSD
. Permian Basin drilling has not only increased Oil Supply, responsible for the lower prices we've seen lately, but also increased Natural Gas Supply.
Supply on Texas has been so much that USA is offering it for free or even paying to get rid of it (source: NGI Bidweek Alert 29th Nov 2018), meanwhile markets still haven't ajusted price because of the perceived cold of winter and speculation.
The major issue is logistics. While many places report a low Natural Gas storage by this time of year, other places have no room to store it. While Trump campaigns for low Oil prices, Permian Basin drillers can't seem to make profit and cover their debt due to infrastructure loans, so basically they are ditching the Natural Gas and focusing on the Oil.
If you live on USA and feel the chilling frostbyte of winter, remember, it's just business (or lack thereof).
If you feel you received useful information, take a moment to give a like, thanks.
Trade closed manually:
You can close your positions now to cash in other opportunities.
If you followed the idea back then, you could close today with 25% gains during a period of 18 days with no hassle.
If you followed the idea back then, you could close today with 25% gains during a period of 18 days with no hassle.