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Trading Places: Crude Oil vs. Natural Gas?


Since Aug 2013, let's notice the divergent-price paths taken by NYMEX Crude Oil compared to Natural Gas.

Crude has declined 19%, from a two-year peak at $112.24, while Natural Gas has climbed 56%.

Given the relatively weak global economy, the significant increase in U.S. oil production, and the tightening of Natural-Gas fundamentals, the chart patterns reflect a profound, perhaps generational, shift in the real and expected fundamentals governing the two commodities.

Natural Gas is the desired energy source of the future, whereas politicized OPEC-Oil dominance appears to be in its twilight years.

A climb in Natural Gas, above multi-year resistance at 5.00-5.20, should unleash upside continuation to 6.00/20 next, while a break of the Jan 2014 low at $91.24 in NYMEX Oil will point prices toward a $85.00-$82.00 target zone.

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