Monday, March 25, 2013

Natural Gas and the $4.00 Line

Stalingrad or Maginot? Looking pretty Stalingrad-y right now.
From FinViz:



Going back to March 14 (and reiterated 19 and 21):
...There are reports of producers laying on (and willing to lay on more) hedges at $4.00 or so which would make any move above that level very tough. On the other hand there has been a subtle but very important change in the supply picture over the last couple months, more on that later....