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Two Ways To Play: Natural Gas En Fuego?


Strengthen your portfolio in good times and bad.

Bloomberg reports natural gas futures in New York had a second day of gains, as utilities and industrial users stocked up ahead of the winter season.

In the US, companies typically stop rebuilding natural gas inventories by the end of October. Then, when the colder weather arrives, fuel use outstrips production and companies are forced to rely on gas inventories to meet demand.

Natural gas for November delivery rose $0.039, to $6.727 per million British thermal units at 3:00 p.m. in New York. Since yesterday the commodity has gained 2.3%.

From the Bull Pen: We mentioned today on the Buzz and Banter the forced selling by company executives in last week's capitulation. Does that mark some sort of near-term bottom? Bulls can look to Chesapeake Energy (CHK) with a sell stop near $20.

From the Bear Cave: Not all commodities are created equal. Base metals like copper could still underperform. Bears can eye plays like Freeport McMoRan (FCX) and initiate downside positions on a significant rally.
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No positions in stocks mentioned.

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