Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: weather, Nat Gas/Lee/Trades
In Response To: Re: weather, Nat Gas/Lee *PIC* ()

Hi Trades,
I thought I had written back on this.

Thanks for the chart/comments. Looks like the Friday close was right on support.
So we'll see what happens .... I still suspect it will find it's way down to 4.0 before
it's over !!! As long as a hurricane doesn't cruse into the Gulf anytime soon.

This has been an interesting foray into how the Ng industry operates. And it
sure makes the case for using the Charts !! There is a lot going on.

This is Saturday, so for fun, I make the projection that next weeks storage build
will be lower than expectations and the price will go up.

Reason is, as I stated to CeeJay. I think the consumers with storage on their
side of the pipe burned it off with the expectation that price was declining.

That kind of storage is day's/week, so in addition to normal consumption, I think
we will see a re-stocking of that storage.

Good Trading ....
Keep in touch,
Lee