Who doesn’t like Nat Gas?

Front month July  +5.6%,122 ticks higher. As Warm weather, Calendar switch to June and Talk of Excellent conditions for  Storms in the Caribbean get traders in a buying mood.Expectations for this weeks storage number also expected to be below 5 year  and last year figures  A latent bullish signal  but bullish none the less.The 2016 strip price breaking out to upside  following the 2017 and 2018 path.albeit at a slower pace  but finally trading above 200 day MA.If you recall from past writings Hedge Funds and At Least one big bank was recommending and Buying  the 2017 and 2018 strips in late February.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.