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Re: Tropical update/CeeJay
In Response To: Tropical update *PIC* ()

Hi CeeJay,

Looking at the daily chart, yesterday's bar and today as it is developing, Ng may just go up today as the estimates of the EIA build start to come out/leak out. I clearly have "no idea" if, when the "power burn consumption" will kick into the price. That is what I am watching for. Clearly, short term Ng consumption is UP quite a bit with the heat over the past 2 weeks !!

All I can say is that the lower offers to sell (both yesterday and so far today) have not been met with enthusiasm. I clearly would not "go long" and "walk away" but it may be worth keeping an eye on.

It will be interesting to see what happens as the estimates on the build come out over the day and what it does to price. As I recall, those estimates don't surface until "late in the day", this time I will try to be more careful on just when they come out.

At the moment, my "piggy bank" wants no part of this !!!!!