@ShaleAnalytics I think it's too early to buy. At these storage levels. I wouldn't be tempted to go long until it gets to the 2.5-2.6 level and that's only if I believe there'll be a strong winter
@icooperTrades Interesting. The market still points towards over supply so would be surprised if it doesn't go sub 500 before end of year. Is the rationale for longs purely pattern/technicals driven?
@acethekid Hard to understand the bullish argument atm. Current prices can't be justified taking storage builds into account. Market seems defiant and will probably stop me out as the ceiling is unclear but a move to 3.1 seems inevitable
@BabyGotGas The storm threat and rise in HDDs signals a lot of trouble for bears (and I'm one of them 🥲). Only balancing act might be the nature of the storm is likely to hamper LNG capacity but I see an epic bull run/ bear trap incoming. Sad times
@DiveBomb321@SuperEnergyExp1 Interesting set up, latest EPS shows increase in cold near term and given how far natgas has fallen, I suspect a bounce may be possible if the GEFS HDDs increases to align with the EPS. 12-14 day outlook likely to fluctuate per run. Slightly biased as I'm currently long.
@StockGenieUSA@DiveBomb321 Ermm I beg to differ. Agree it's not purely supply and demand driven as market frenzies, squeezes and trend lines/ chart analysis also play a part.
@DiveBomb321@StockGenieUSA@StockGenieUSA wisdom is abundant and available but you seem allergic to it.
It's foolish to think that there aren't fundamental driving factors such as weather which affect supply and demand and dictates the trajectory of natural gas pricing.