Natural gas futures in Europe and the UK are flying, while our natural gas (NG) CFD (the underlying is traded on the NYMEX) pushed over $5.60 and into 7-year highs – perhaps one for the brave at these levels, as so many indicators are flashing grossly overbought, but NG is in beast mode now and the trend-followers would be all over this move. Hurricane Ida has clearly boosted the natural gas price, but it has also resulted in some 27 million barrels of lost US crude supply and talk from the International Energy Agency is that his production has offset the additional output recently announced from OPEC+. The weekly ... (full story)