Well, you knew it was coming....As I said last wek....when the rebound comes, it will be hard and fast....
In the short term, NG is as hard to predict as I've ever seen...however when one takes a longer viewpoint, it's been remarkably easy......
aA month or so when NG was at $6, it was hard to see it going much higher, and last week I said it was hard to see it going much lower....
Although, of course, now is not the time to be patting ourselves on the back......fundamentals are still horrid, and I will start thinking about shorting again when Jan hits $5.50-$5.60