Natural Gas futures prics are exploding higher… By now everyone is quite aware of the US climatic conditions so whatever squeeze just took place has nothing to do with fundamentals, and everything to do with someone being Amaranth’d. The only question is who, and who is their counterparty (especially if it is a public company).
and Feb Futures
The last 3 days in NG is +9.6%, -6.5%, and today +10.4% – these are 5 sigma swings!!