Interesting Wx map !!! I assume the color blotches represent rainfall intensity ??? Or ???
On Ng storage report, estimates seem to be in the 65 range.
I could not find the WSJ estimate this week.
No confidence in that number and no opinion whether bullish or bearish.
I see Ng "stuck, banging it's head" at 4.05. If that doesn't change and the number comes in higher, I can see Ng dropping like a rock !!!
Production is/was still high through the "current dipstick readings" of 8/26 and really preceded any effects of Irene.
My feeling is that Irene cut demand quite a bit and the couple of Nuclear plant shutdown/cutbacks really didn't matter that much. Any of those effects will show up next week unless the market is already pricing them in.
I know that I may sound a little flaky on this, but I think those "seasonal charts" do have some merit If enough "players buy into those seasonal trends" then price is going to go up in spite of Irene and a little variation in the inventory build !!!???
So, no further clue ..... That is why I am watching this market so closely. It is my "cross word puzzle" !!!!!