NG trading a gas ...not! when will this commodity maks sense,,,I called the move up mid week on a technical bounce when natgas RSI was well under 30 with a rise to $3.12 ng only to take it back overnight and open at $3,02 before inventory...that was brutal
Now today I did expect a bounce as Imo we oversold yesterday but today a rise right to the close on a huge surplus of gas and long rang weather pattern looking like April and not January.
This commod is insane and I think so manipulated it should be looked into by the SEC ... yeah right! LOL!
Should be back to $3 my Monday before the open...I'm out for the weekend