Wednesday, October 2, 2013

Potential Cyclone Hurting NG Spreads

The National Hurricane Center is showing a weather system in the northwestern Caribbean Sea that stands a 50% chance of developing into a tropical cyclone in the next five days as it heads into the southern Gulf of Mexico near the Yucatan Peninsula and eastern Cuba.

NG spreads got hit badly in Tuesday (and Monday for that matter) trading and I think we have to cover out shorts here.

The Nov13/Jan14 bear spread was essentially a play on the late heat wave heading into the shoulder season and this has fundamentally changed things.

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