Natural gas prices have slipped by a quarter in weeks, which offers "a buying opportunity", as Timothy Puko points out in Barron's.
The sell-off is an over-reaction to one of the warmest winters on record, which has dented demand in the short-term, but obscured an improving overall backdrop.
Output is declining after producers cut the number of rigs to historic lows last autumn, and liquefied natural gas exports are rising.
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"Record demand from the power sector" gas emits half the carbon dioxide of coal is another bullish driver. Prices should soon bounce back.
Viewpoint
After his election, Donald Trump was cast by many as the reincarnation of Ronald Reagan. But things are different now, as a report from Oxford Economics points out. "The prospects for dollar gains on a similar scale to the 1980s look thin," the report says. "The dollar was weak in 1980 but has seen strong gains since 2014 and may be moderately overvalued. And while we think the dollar is more sensitive to small rises in rate [differences with other economies] than previously, that sensitivity cuts both ways and quite a lot is arguably already priced into markets in terms of Fed rate hikes. So we expect dollar gains from here to be modest."
Phillip Inman, The Observer
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François Bayrou appointed as France's new prime ministerFrançois Bayrou becomes France's new PM after a no-confidence vote ousts Michel Barnier.
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South Korean won hits 15-year lowAfter Yoon Suk Yeol's failure to declare martial law, South Korean markets are reeling, with the weakest won since 2009. Will this worsen the Korea discount?
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What would the greatest mathematician of the Middle Ages say about gold today?Sponsored Italian mathematician Fibonacci is most famous for a curious sequence of numbers. Continuing his series on technical analysis, Dominic Frisby explains what these numbers are, and what they can tell us about gold’s next move.
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How moving averages can reveal trades worth betting on – and ones to avoidSponsored Dominic Frisby looks in more depth at how moving averages can help you catch turning points in markets and help you decide which trades are worth pursuing.
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This chart pattern could be extraordinarily bullish for goldCharts The mother of all patterns is developing in the gold charts, says Dominic Frisby. And if everything plays out well, gold could hit a price that investors could retire on.
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Believe it or not, this market is a “buy”Charts With the world in the state it’s in and the market so volatile, buying stocks right now might go against all your instincts. But that’s just what you should be doing, says Dominic Frisby. Here, he explains why.
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Chart of the week: avocados and bitcoin are in syncCharts An amusing new spurious correlation has been spotted between the price of bitcoin and Mexican Hass avocados. In reality, of course, they have nothing to do with each other beyond “superficial price action”.
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Chart of the week: Kuwait's stockmarket is ready for take-offCharts Kuwait's stockmarket is due to be promoted from “frontier” status to an emerging market by index provider MSCI next June. That should entice almost $10bn of global investors’ cash into the country.
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Chart of the week: US stocks outrun profitsCharts The US stockmarket has become totally detached from underlying profits of its constituent companies over the past three years.
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Chart of the week: Dr Copper diagnoses an ailing economyCharts The price of copper has slipped by a fifth this year and is now at a near-two-year low of around $5,600 a tonne.
