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Re: ng/Wayne

Hi Wayne,
Thanks for reminding me.
I was planning to get to this but I had some other stuff to do and peed away too much time reading the debt stuff.

I think you are looking at Dec. Ng ? I have been trading Sept. (just rolled) and Sep. is what I have on the screen. The Fri bar hit 4.145 and has a little bit to go to get to 4.

On Sept. I might be able to "conjure up some support" around 4.12 then "next stop" is 4.0.

I was suspecting maybe a bounce on Monday (totally ignoring Dx and this debt stuff) but only a "one day thingy, maybe two" but coming nowhere near the middle of the channel.

I think this market can easily hit 3.9 by end Aug. save a big change in events.
I don't think much can change on the demand side over the next month and I would take production "day by day" as soon as they evacuate those platforms in the Gulf. I would likely close a short as soon as any evacuation started, I don't need to be "greedy" !!!!


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Re: ng/Wayne