Re: Ng ??/Lee/Trades

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In Response To: Re: Ng ??/Lee *PIC* ()

Hi Trades,
Thanks for the chart/comments !!!

No, I'm not in this mode "So probably not what you want to hear"

I have been keeping an eye on that 50ema for that "rubber band" to snatch it back quickly and IF it does I fully expect price to tank as we get into summer. With Crude over $100 the liquids are footing the bill and I fully expect to see Ng at $1.5 by mid summer.

As I currently see it, the only thing that is going to let Ng price go up/stay up near that 2.4/2.5 area is "boiling Rabbit out of Dallas" this summer !!!! They can't even cut back production much more. Seems most of what is coming to market now is associated gas that they are not going to eliminate and keep the "lights on" !!

I did not expect price to stall out where it has for the last few days and essentially "do nothing" !!

Thanks, Lee

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Re: Ng ??/Lee/Trades

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