Hi Lee,

You asked "What does tomorrows report have to do/show to be "bullish" ??"

It all comes down to expectations prior to the release of the report and where the actual numbers clock in. If tomorrow's numbers show a build at or below the 77 billion cubic feet currently projected, then the report will be viewed as bullish. A higher number would be considered bearish of course. Interestingly though, even when the report has come in with bearish figures (ie. larger builds than forecast) over the last few months, NG has usually quickly shaken off the post-report 'hit' within a few sessions and gone on to push ahead once again. A very bullish price dynamic that has been mainly overlooked/underappreciated by the market at large it seems. But then again, that is typical of young stealthy bulls that are emerging from a long hibernation (bear market) .

Basicly though, I'm looking for inventories to come in at or below the 77 number. I could be wrong of course but based on recent trading patterns (same thing happened last week) NG tips her hand that it somehow 'knows' the report will be positive by trading steady to up on Wednesdays. When Wednesday's are 'bad' the report has been 'bad' almost everytime as well.

Hope that helps a bit.