Hi Trades,
Thanks for the chart/comments !!!
Hope your trading has been doing well.
May have solved the text font size display problem, but have to be careful as Mike
just slapped my wrists on this.
This Ng thing has really caught my interest. Ng may well make 4.0 as the seasonal data still has a good 2-3 weeks
to go. This market may be spot on to the chart and seasonal data.
I know you don't follow fundamentals, but this is a HUGE AND COMPLEX MARKET. I don't think anyone's
historical data had that large storage build of Thursday in their sights !!
I clearly don't know who drives this market, specs. or consumers, but it seems the OI is about 10 times
the deliverable quantity ??
The strong interest in the Thurs. Storage Report has become clearer as there is no other "real measure" of
Supply/Demand as many end users are tapped right off the "pipelines" [power plants, large industrial] and
that consumption is not really all that obvious.
I think CeeJay is right on with his weather tracking, it is a very significant factor on the demand side.
The whole industry pays close attention to it, but there is a lot going on and we have seen weather
projections alone not pan out all that well.
Enough here,
Take care, Lee