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TFC Commodity Trading Forum

Re: NG turnaround
In Response To: Re: NG turnaround ()

Doubt it. Even though a sharp change of direction in this market this time of year most likely is weather related, the time of day dictates it wasn't. Other than traders coming to the market early saying, what are we doing down here?! Overnight it was like someone knew the storage number. New weather data does not come out at the time of day the market jumped. The fact the market had no response to the neutral report and then continued its strength relates more to what ceejay posted Thursday around Noon than anything else. Whoever those sellers were overnight last night, likely bots, they were so wrong. Market went out with all its gains. In the big picture, very small gains but gains nonetheless. Pretty impressive. I'll try to update these ideas further late Saturday night.