For what its worth, looks like a cold front hit a bit early : 17:37 [ParisJOM.] Oct. 13 (Bloomberg) -- Buffalo, New York, was blanketed under a record-setting 2 feet of snow, knocking out power to almost a quarter-million residents and prompting local authorities to declare a state of emergency. http://www.bloomberg.com/apps/news?pid=20601087&sid=aP8pfxbPHV4Q&refer=worldwide_news ... thinking we may have seen the bottom of nat gas for the year.
Take a look at this... http://www.cpc.noaa.gov/ Just because you have some precipitation to match doesn't give cause for alarm. the near term forecasts are relatively neutral for nat gas.
huh ? And ? ... certainly you are not implying not trading nat gas just because some idiot at a desk blew up a fund acting like a newbie with no discipline ?
Read the prior posts. I was short since monday, long the previous week, and yes, long since thismorning. Yes, I want to be long nat gas at this point, definitely.
up even more the previous week. its called volatility. Try trading wheat right now -- makes even NG look a little tame. by the way, interesting enough - today was a good recovery day for natural gas depleting trusts, many that pay very high dividends (ie PGH at 13%).
by the way, what is your basis of being long Nov nat gas other than a hunch oil will go up on OPEC support and somehow oil will correlate with NG ? What about record storage issues and no truly threatening weather before Nov expiration?
Yes, exactly. What was the guy's message ? ... trying to tell us it will go down to zero because it drop nicely this week ?