RE: any explanation for flying NG prices? Sham, we had a huge decline since the May 18 high on really "no news". In fact both the nearby and Dec Futures were not far from THE decline lows at yesterday's bottoms. So we were hugely oversold and one can make the case this was a successful "test" of the April lows, the way we rallied today makes me like that possibility.
The Dec contract bottomed in April at 2.913, yesterdays low was 30.003.
MK