Time to sell natty. Anything over $8.20 in June should pay off nicely into settlement. The S/D balance is quite loose at this juncture and the funds have been trying to orchestrate a short covering rally that has really never gained steam.
What happened to your 9.05 March target? Ha ha, just messing with you, nice call today. Agreed that there has been a push to get things moving up and put on the squeeze, but with only fear of weather and strong utility buying (also driven by fear IMO) in the absence of any real fundamental bullish data, it appears to have failed. Next week will tell the story, but it sure looks like the bears (take it you are one at the moment) came out on top today and have control going into Sunday night and Monday morning.