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Re: Jan Nat Gas/Ronbo/Trades
In Response To: Jan Nat Gas/Ronbo *PIC* ()

Hi Trades,
Thanks for your charts/thoughts on both Ng and Gc.

On Ng:
I'm still a little soft on this one at the moment and will likely wait out the Thurs. report reaction. Possibly we are seeing a bit of that pre-report bounce that often occurs ???

You do the chart, and I agree with what you are seeing/suggesting. On the Fundamental side short term, the producers are still producing although seem to be slowing down. Storage operators seem to be cutting back on injections and moving more toward extractions as they are pretty "full" with gas going directly to the spot market. So, I think I will stay in the "watch closely" mode through the Thursday report. The 3.46 price level does seem to be holding quite well, so I guess we will see quite soon !!

On Gold:
I clearly hear what both you and Silverbear have said, but at the moment it is 25 points above that "tag of 1706" this morning !! So will watch this one closely as well.

Unfortunately I wasn't paying attention this morning (not here) and missed those sudden moves.

Will have to see what tomorrow brings !!!

Thanks, Lee

Messages In This Thread

Jan Nat Gas/Ronbo *PIC*
Re: Jan Nat Gas/Ronbo/Trades