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TFC Commodity Trading Forum

Re: Ng and Hi /Lee/Trades
In Response To: Re: Ng and Hi /Lee *PIC* ()

Hi Trades,
Thanks for the chart update and comments !!!

Not to worry, but I have invested a fair amount of time studying this market and am not inclined to "just walk away" now as things continue to evolve. I certainly appreciate your "patience" in taking a "periodic look at it" !!!

The last 2 trading days could have put a serious dent in one's piggy bank if short and didn't see it coming !!!!

The storage issue is most interesting, as there is "no real measure of supply demand" !!!

And as you well know, there were some "flagrant claims made in the past" on price movement based on Weather.

But when you look at it carefully/sensibly there is little else that drives the Ng Price short term than the weather. [Much of the year.]

Then all of the rest follows along and eventually shows up in the chart.

Thanks, Lee