The Chinese export stats showed best month for 20 months and a...

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pilko3

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14/10/14

11:20

Post #: 14121049
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Originally posted by possum2 ↑

LNG was trading as high as 3.25 equivalent last night in the U.S, but in the last hour or so the market dropped about 200 points and unfortunately our lng's got swept away in the current of negativity.

Sentiment certainly seems to be playing a more major role in the fortunes of LNG then it was a few weeks back. When we did have the occasional big drop on the Dow, LNG seemed to run it's own race. I was amazed by our level of consistency even on very bad days for the rest of the market

Lately we seem to be more vunerable and we are being more influenced by market volatility.

The next few days there will be plenty of company reports coming out of America. I am hoping that they will be good because the overall situation in America is good. Companies over there are doing very nicely from what I have been hearing around the traps.

The problems are not American related but rather more world related.

Whilst we wait for pending news on LNG I am hoping for a little bit of market stability. The Dow has now lost about 700 points in the past week or so. Hopefully that's enough for the time being.

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The Chinese export stats showed best month for 20 months and a surplus of 31 billion despite bigger imports. So 20% of the Global population being China are growing better than for the past 20 months...stay frosty. Mercury turns direct an a cupla weeks and around that time the winds of Mordor will have started to turn, the rains will pass and the sun will shine again...

LNG Price at posting: $2.95 Sentiment: Sell Disclosure: Held
3 Upvote

0 Great analysis

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