[Edited October 15, 2012 to add Reuters link and Citicorp PDF ]
Natty outperform black gold? Texas tea? Yes it's happening and the intriguing part is it could continue. It's unimaginable, unheard of, pure heresy but it at the same time, appears to be the Captain Obvious trade to these novice aging eyes. While I'm no guru and don't begin to know it's intricacies, allow me to explain from a technical analysis and common sense point of view. [CLICK ON ANY CHART TO ENLARGE]
#1 Falling crude oil demand in developed countries continues and this decline is expected to continue going forward......while increasing demand is expected in developing countries however I doubt quite a rapid increase given the status of global economies at this point in time. Main point however, is that the U.S. itself is not expecting to increase its demand any time soon.
On a side note, the EIA expects more U.S. homes to use more heating fuels this Winter. [See report] BP, Shell and others are pushin
