Well we got the $2 handle about 3-4 months earlier than I expected
I missed the boat on that trade. Right idea, bad timing
You'll have to go out to Nov 2013 to find the first $4 handle
Maybe short the high & NG producers as their hedges come off?
Remember NGLs are not the same as condensate which is not the same as crude.
Read the fine print when they say "liquids" or the dreaded "boe"
If they don't break it down, they don't want you to know
|
|
US |
UK |
UK$-US$ |
|
|
FEB |
$2.97 |
$8.42 |
5.45 |
54.31 |
|
MAR |
$3.00 |
$0.00 |
|
|
|
APR |
$3.06 |
$0.00 |
|
|
|
MAY |
$3.13 |
$0.00 |
|
|
|
JUN |
$3.18 |
$0.00 |
|
|
|
JUL |
$3.23 |
$0.00 |
|
|
|
AUG |
$3.27 |
$0.00 |
|
|
|
SEP |
$3.28 |
$0.00 |
|
|
|
OCT |
$3.31 |
$0.00 |
|
|
|
NOV |
$3.46 |
$0.00 |
|
|
|
DEC |
$3.75 |
$0.00 |
|
|
|
JAN |
$3.88 |
$0.00 |
|
|
|
FEB |
$3.88 |
$0.00 |
|
|
|
MAR |
$3.86 |
$0.00 |
|
|
|
APR |
$3.81 |
$0.00 |
|
|
|
MAY |
$3.83 |
$0.00 |
|
|
|
JUN |
$3.86 |
$0.00 |
|
|
|
|
12-30 |
|
|
|
|
|
|
|
|
|
| COT update non-commercial options + futures |
|
|
Net Pos |
WOW Chng |
Sentiment |
|
|
CL |
+210,278 |
+5,300 |
sl longer |
|
|
|
|
|
|
|
|
NG |
-163,243 |
-1,926 |
sl shorter |
|
|
|
this week |
last week |
|
|
|
$ / £ |
1.5519 |
1.5575 |
$ |
higher |
|
|
|
|
|
|
|
US |
lower |
|
|
|
|
UK |
lower |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jan-13 |
$3.88 |
Jun-13 |
$3.86 |
|
|
Jan-14 |
$4.41 |
Jun-14 |
$4.24 |
|
|
Jan-15 |
$4.73 |
Jun-15 |
$4.48 |
|
|
Jan-16 |
$4.98 |
Jun-16 |
$4.73 |
|
|
Jan-17 |
$5.27 |
Jun-17 |
$4.99 |
|
|
Jan-18 |
$5.56 |
Jun-18 |
$5.27 |
|
|
|
|
|
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|
