CL Noon pop- I have seen others claim it is the big traders wanting to move positions to the "moppets". A small low volumn run up into the noon lunch hour is bait for the salerymen who do a little trading on their lunch hour. Catch a falling dagger is a really fun game Looks like we are headed back to the pre-bot headline reading levels. of this morning.
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Heard at gas station: Clerk stated they have a 40 cent/gallon increase on signage this evening.
Unreliable but I decided to top off my tanks just in case.
Sharing research and ideas only, this is not trading advice.
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
Refineries are running WAY more gas than they usually do. Storage is filling up. Plus ( trying not to get Dell going on government intervention) European Governments have mandated diesel cars, so their refineries have had surplus gas for years. US EPA has mandated 20 different summer blends, in the winter only one blend. So they ship us their surplus gas in the winter. Euro falling like a rock so if you are European refiner move it to US now even if it isn't sold yet. Gas price increase has to be urban myth.
If you like digging for little known facts Oil is a good place to go, along with Nat Gas. Really hard to trade because of all the seasonal stuff, including all the refineries shutting down twice a year for maintenance when they switch between winter and summer product. Plus all the storage options, tanker sailings, reversing flow on piplines, etc.
Nat gas has weather to deal with and hurricanes shutting down production during the high demand summer cooling season. Plus we still don't know how much they can put into storage because they use pressurized salt caverns. When fracking came along they started looking at finished but not fracked wells, fracked but not tied into the system wells and of course the big one, depletion rates. I enjoyed following it all but I sure couldn't trade it.
“Millions of workers fled their jobs early Monday”
Storm of “historic proportions”
airports close
NY Mayor “Do not underestimate this storm”
No word yet from NYSE?
Open tomorrow? Potential power outages, NYSE will have to go on backup generators
OY
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.