RE: natty for feblive
the issues in france and egypt will have no relevance for NG in NA.
the weather is actually showing warmer temps for the middle of february.
now for sure this will be the first draw that will beat the 5yr avg but i think that the mkt is already eyeing spring
i expect another small rally if the weather pattern cools meaning the weather prints show colder temps again
the shorts might cover this week but how much is unknown
.production still at all times high so the play now is to trade the tight ranges IMO.
it will be an interesting week for sure but i like it because the gains are better if u play the S/R levels properly.
anyway GL
one more thing when u say the week after temps might not matter , actually that is the week that really matters and dont forget that tomorrow we r starting to roll into aprils contract so the more contango we have the better it is for D .
i am almost 99.9% sure that by the end of march Ng will be trading at the lower range of 3 bux , which is 1 buck below actual levels providing that american industrial demand does not take off which seems to be almost impossible
JMO