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