Hi CeeJay,
I hear you on the election, but I don't trade that far ahead !!!
I admit, I haven't been able to really form an opinion on what to expect of the markets depending which side wins !!!????
I don't trust the "pre-election data" coming out of the gov't either !!!!
On Ng, you seem to be right in there with your 70 build thought. I have seen 67, 68 plus
Early estimate range of 52 to 77 bcf, five-year average of 65 bcf.
So your 70 may well be the bull/bear tipping point for Thurs. report ???
I don't trade the report, but will after if I can make sense of the reaction .....
Often Wed. night will give a clue but I think that has more to do with how far the "consensus" number is from what the various traders expect and they are "adjusting positions" before the report.
Anyway, the game goes on !!!!
On Sandy:
Not sure. Sounds like it may move West, up the coast and may make a mess in NYC area.
I don't see much in the way of "demand destruction" as no real heating/cooling going on, but if it takes down enough power lines I'm sure there will be some impact to demand.
Anyway, thanks for the comments.
Take care,
Lee