Hi Ceejay,
WOW !!!
Sure glad I wasn't short !!!
That build of 25 Bcf was way low to all expectations.
Just reinforces the notion of not trying to trade this market around that report !!!!!
I know there is "expensive" industry data available out there but from the looks of price behavior before the report few if any saw this coming !!! Over 9k Ng contracts traded in the first minute !!
I think we have to spend more time on this whole inventory issue.
If you were still long with the ETF's I expect you are feeling a little better !!!!
Forgot to mention last post, there was no material change in the Nuclear plant status this morning, so no change in consumption on that front. I'm concluding that a few plants going down just doesn't have a visible impact on short term price.
I wonder if this might be a good opportunity to short as price may work it's way back down to that upper 3.9 areaa before long ??? I doubt anything will drive the price higher so quick that you couldn't get out if it starts creeping up.
Happy trading,
Lee