Every report I read./..
Some posted here and some on HNU - gas is in a record glut. Demand is in a record tough.
Economy not really getting any better, all sentiment and gas isn't expected to do anything for 3 - 6 months and even then it will dribble up. Commercial real estate still to come as a market kick in the teeth. Manufacturing still falling off in last 2 months - industrial consumption of gas (THE BIG PRICE DRIVER) still dropping... car manufacturing (parts suppliers) are large consumers of Nat Gas and they will be cutting back. Air Conditioning and Heating cannot float this boat alone.
Oil is way over bought and speculated upon. Possibly NG today as well.
I can't deny the obvious but am buying at these levels as well. Since we are really all gamblers here, my gut is screaming that this won't last and that gas is really belong to the sub-$4 level - for whatever it's worth I guess.
Again, you would be a pretty happy camper if you've been playing HNU for the past few days. I've been in and out of both so many times since last Thu. I have to keep checking the portfolio to see what I'm in right now.
Gas is expected to be very VOLATILE over the summer and my thoughts are that today's giant jump is exactly that - VOLATILITY. Traders are guessing like we are but they are the ones running the show. So if they keep guessing up then I will be losing money and if they say "F^ck it !!!" then we will see HND back over $10.
I don't really know... and misery loves company so I'm with you guys at least until Thu. Unless we slip below $8 - what the heck - cut losses and buy it back in the low $7's... LOL