If I were a cynic, I would look at the recent massive volume coupled with the recent promotion by professional traders, and draw certain conclusions. Look, the momentum traders can push it if they want. From a fundamental perspective, the old rules of equating oil to NG are in question. And the oil/gas ratio I think more likely relates to these same speculators pushing oil beyond fundamentals, rather than NG lagging. Anything can be a trade. Investors should be aware of the change in rules here. Many articles have been written. Here's just a few.
Natural Gas: The Next Big Thing [View article]
community.investopedia...
blogs.wsj.com/environm.../
seekingalpha.com/artic...
I won't chase this up. I may buy puts when Da Boyz have had their fun.