The state of Vermont recently passed a bill to ban the practice of Fracking (Hydraulic Fracturing) making it the first state in the U.S. to do so. The controversial procedure has done wonders to boost natural gas production in recent years as well as create jobs in a down economy. Fracking is a process that involves injecting water, sand and chemicals into shale rock, with a goal of freeing oil and gas that is prevalent. Those that are skeptical fear that the chemicals are contaminating the water supply. While Vermont is not seen as a major player in the natural gas market, we could have a disruption in the supply of energy if other states start to follow suit. Natural gas already has had a strong May so far. Looking at the daily chart below there is a lot of upside potential. If the market continues to trend higher we could see the upward exposure we’ve been looking for.
6- Month July Natural Gas Day Chart (GNGN12)
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Bill Moore
Senior Commodities Broker
After gaining a degree in economics from the University of Iowa, Bill began his career as a statistical analyst for a reputable consulting firm in Chicago. This work involved hedging in the financial and commodity markets which lead to a passion for trading. As a broker for RJO Futures, he provides risk management and market strategy for the fast paced and rapidly changing environment of futures. With an industry that provides the diversity to thrive under any economic setting, he believes cust.... Read More
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