Hearing a rumor from several sources that another large hedge fund made the wrong bet in natty. These guys piled on length from a much higher price (>8.30 avg jan) and have ridden the position down and are now piling on more to avg down. This explains the strength of the last 2 sessions and the whole position is now rumored to hinge on tomorrows eia storage report and a return of cold forecasts. If the report is anything but above expectations, this thing may drop hard on the large liquidation. this is the deja vu of the amaranth strategy, buy it well over fair value and hold it against bearish fundamentals, defend it by adding more and pray to the weather gods. as they say in vegas, good luck!