Natural Gas - The Amaranth Signal
We've all heard about the trouble and Amaranth and I won't regurgitate the news. My point is not to rant about the fund but to deliver a short observation:
It's the same thing as Oil. Looking at the technicals I see absolutely no reason to sell here and all the (technical) reasons to buy. Like I said in my previous post, we'll see these prices again.
It's a strong buy signal for a trade and Amaranth's "blowup" just made it a whole lot stronger.
Cheers,
/Dmitry





2 Comments:
Oops, hope you didn't lose your shirt by being long
Thanks for the concern, but no we didn't. In fact gas is up a full dollar since my post.
But who's counting! :)
Cheers,
/Dmitry
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