Speculation

I follow the futures market and follow the commitment of traders report which show just about what everyone is doing: the commercials who actually deal in the commodity, the speculators who are the hedge funds, and us, the small traders. The COT commercial interest for Natural Gas is the highest since the hurricane Katrina happened; yet NG is trading at a low price. While Crude Oil which has the worst COT commercial interest reading (meaning OPEC or XOM have been big sellers into this price move) that I have seen, touching all time highs. Something has got to give.

Buy UNG (natural gas etf) 39.42/ Short USO (crude etf)58.62=0.67

Also there has been a historical relationship to crude and ng that hasn't occurred for the past 2 years.