Hi CeeJay,
Thanks for the update.
I have mixed feelings at the moment. Looking at NGX now, and seems to be right at a "line in the sand" !!??
The "short term" weather isn't going to help demand any and it looks like production is just chugging along .....
I would be very careful right now, price could go either way ....
See Trades recent chart, comments.
Inventory estimates should start to surface Monday from those that have a better handle on "current production" but I have seen no signs of production slacking off ???
I wouldn't put a further drop to 3.8 or even 3.7 totally out of the question !!!
So ....
Good Luck,
Thanks, Lee