RE: RE: RE: AT says Long trader only? I'm in HND; a bearish ETF. And I'm eying up HVU when the right entry opens up.
The biggest thing to remember with Nat Gas, is it's traded at the CME. Therefore a majority of the traders are out of Chicago, meaning that their bias is to speculate based on Chicago weather. Weather around the country obviously affects the supply data, but as far as forecast speculation, the market's bias is always going to be in regards to Chicago weather, with New York second.
Half of these city slickers think they're the most important thing to grace the earth since dinosaurs and have no idea that a world exists out of their home city. It's the predictability of their own arrogance that leaves opportunity for us who can see it.
HND is the trade. Good luck if you try HNU, but all positives are priced into this market. It needs below average temps and storms just to sustain these levels. Anything less and down it goes.