Hi Trades,
Thanks !!!
I have been looking at that 4.1/4.2 level and for now seems to be holding as support, but as you mention there is still some room on the seasonal.
I'm not trying to trade Ng right now, but certainly want to understand the market better.
I guess there are a few things that could push Ng prices down a little more, but I think they have about run their course. Even if crude drops by half, they aren't going to be building oil fired power plants, putting oil burners in homes, and I seriously doubt industry will convert - I think the crude oil lesson has been learned !!!
Had been trading Dx off the Euro until this week with reasonable success. Quit this week, the Euro fans are in love with the Greek vote, we'll see how it all pans out. No matter what the Greeks et.al do, they still have to pay down that debt and I just don't see it happening !!!
Greece owes 308 bn, and Lehman Bros. folded owing 100 bn. There is a lot of room for things to get real messy !!!
Thanks, Lee