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Tuesday, April 26, 2016 3:26:09 PM
As examples---
Last week a couple of days nat gas was more dominant, and now Today we see Crude Oil being more dominant surging higher while Nat Gas dumping downward in red for 2 straight days, yet GASX hitting new lows today, which clearly shows Crude Oil can have significant impact on GASX. There is no precise % one can depend on for correlating impact upon GASX.
https://beta.finance.yahoo.com/news/split-decision-etfs-holdings-131931299.html
As that article posted previously explained (and as I've posted about here in the past already), Crude Oil on average has a larger impact than the average person thinks on the stocks contained within the FCG.
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If FOMC pumps up stock market tomorrow or if API & EIA reports prop up Crude Oil after today, likely FCG & Crude Oil will up go along with it, and it will mater much more than what nat gas does at least for the interim short term over next few days days if we stock market break out after FOMC & see Crude oil test new highs.
If Crude Oil breaks back above 44-45 area (up to 46-49), which it seems a likely risk being set up now, GASX will get slammed down to 10 or 9 (maybe worse) regardless of nat gas (even if nat gas stays down), and that's how much you might or would see a demonstration of how large Crude Oil's affect can be on GASX/FCG.
Personally, I don't see Crude Oil going above 49-50 if it does break out higher yet, and if it does, it'll be a great opportunity for buying GASX, RUSS, BZQ, DWTI, etc.
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