Are natural gas futures bottoming? Cramer and DeCarley take a look
Natural gas is probably bottoming, but that doesn't mean we can't see another slide to $2.50.
"One of the largest natural gas collapses in recent memory, a crash of epic proportions that no one is talking about," said Jim Cramer
Jim Cramer invited experienced commodity broker and futures market analyst, Carley Garner, to share her thoughts on the natural gas market and dollar index on the November 15th episode of Mad Money on CNBC. You might recall, she contributed analysis to the show in October suggesting that the natural gas rally was on shaky ground. In light of the recent collapse in pricing, Cramer wanted an update.
Garner's findings suggest that weak seasonals and a larger than normal contango could force the January natural gas futures contract to test the $2,50 area (which was already tested by the December contract) before buyers are serious about stepping into the market.
This analysis was provided to DeCarley Trading brokerage clients via our newsletter the DeCarley Perspective: https://madmimi.com/s/a04b09