Buy Natural gas and sell crude Oil
- Posted by Marc on April 20th, 2009 filed in markets, People
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Crude Oil and natural gas relative chart 1994-april-2009 (thanks to Jose Villarubia using visualchart).
It is a pleasure to have readers like José Villarubias. Thanks to the chart that he sent me, and also some reports that I read this weekend I think it’s an oportunity to buy ntural gas after falling from more than $60 to present $15. Especially if you sell short crude Oil and buy natural gas.
The natural gas price is at historically low levels in relation to oil prices in international markets. An Over-production in the U.S. in the last year, coinciding with US industries crisis, which consumes nearly 30% of Gas in the United States has led to a very discount price. You can do this easily through the United States Natural Gas ETF Fund (UNG).
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