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Hit the gas! Deep freeze warning sparks price spike

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November 07, 2014 comm, commodites, commodities, commodities gold, commodities markets, commodities prices, commodities supply, commodities trading, commodities”, commoditiy, commodity, commodity corner, commodity currencies, commodity currency, commodity gold, commodity index, commodity investing, commodity investments, commodity market, commodity markets, commodity outlook, commodity prices, commodity sector, commodity strategy, commodity trade, commodity trading, commoditymarket, company stocks, conm, gas, gas exploration, gas industry, gas natural, gas price, gas prices, gas production, gasolina, gasoline, gold, gold demand, gold price, gold spot, gold trade, goldprice, oi, oil, oil 100 price, oil and gas, oil and gas engineer, oil asia, oil barrier, oil cargo, oil commodities, oil companies, oil company, oil consumer, oil demand, oil drop, oil egypt, oil gains, oil grilling, oil industry, oil inventories, oil iran, oil market, oil markets, oil news, oil price, oil prices, oil production, oil range, oil refinery, oil services sector, oil shutdown, oil spread, oil stockpiles, oil stocks, oil supplies, oil supply, oil trading, oil us shutdown, oil wealth, oilsupply, ole hansen, saxo tv, tradingfloor.com
Commodities and all sectors have seen weakness this week so the spike in the gas price, up 14% on the week, stands out sharply. Head of Commodity Strategy Ole Hansen predicts that prices could rise as high as 6.50 USD per therm as they did in January and February when the US experienced one of the coldest winters on record. 

The bearish trends in oil and gold continue with the latest US jobs data and an OPEC meeting later this month the only apparent possible opportunities for market changes in direction.

Ole also talks us though his trade tip for Gold which is still struggling to get back to previous key support around 1180.