RE: RE: RE: RE: PROs Expect NG over 5 - HNU double
Pros = people who actually trade gas for a living, i.e. Nymex and CME energy trading shops and energy strategists, s***head!
Seasonal pattern looking strong acc. to an energy strategist (seen on CNBC). Not sure how long it will last as you all know.
Another guy also pit trader I believe expecting NG could be in the 6+ range in 2011 if economy continues on pace.
Obviously, the timeframes are very vague. In case 1 above, he was talking about good draws for the next couple of weeks.
In case 2,
Now both could be wrong, but this is what I see right now:
- NG holding steady around 4.60 despite stronger US $ and commodities getting sold
- HNU double daily average traded (12M shares) at the high of the day
figure it out