Pretty closeI posted this yesterday about my thoughts on the NG price. Came pretty close.
"""Mark this post, and we'lll come back to it tommorow.....today should not be huge movments either way.....tommorow morning will see a runup before the report, the report will come bullish, and a brief rally (lasting at most that day) will be followed by a pretty strong selloff, either starting Thursday or Friday at the open.
Fact is, with seasonal weather back until mid November, we're gong to be looking at builds back in the 50+ for the next few weeks.....
The big boys are going to use this bullish news to exit their positions that they've been building since LAST Thursday when the storage news pushed the Nov contract to $4.33......since then it's been one straight line to $5.15, and I bet it will top out tommorow around $5.25-$5.30"""
Wouldn't want to be long HNU at this point.....fact is, if you've been long the past week, you've made the right call and made some nice profits. I believe it is time to book em