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Wednesday, November 14, 2018 7:59:01 AM
While the investing community has been focused on crude oil for the past two weeks, and for obvious reasons as the black gold suffered a historic and record rout of 12 consecutive days of declines, sending it into a bear market from multi-year highs just a few weeks ago, a just as notable - if inverse - development has been taking place in natural-gas, whose prices have been soaring.
On Tuesday, a sudden change in weather forecasts pushed natural-gas futures to $4.10 per MMBTU, the highest level since November 2014. The rapid surge has rattled investors and traders, as the market goes into the winter heating season with less supplies in storage than any other year since 2005. Natural-gas prices have climbed 39% this year, and last week they entered a bull market, just as oil slumped into a bear.
https://www.zerohedge.com/news/2018-11-14/shorts-crushed-nat-gas-explodes-higher-after-tripping-stops
Disclaimer: Do not ever buy a stock because of my opinions ever because you can lose everything. Nothing I say is ever a recommendation, but just an opinion. Don't Buy, Don't Buy as Cramer would say on CNBC. Do your OWN DD.
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