RE:RE:RE:RE:RunLooking at the fundamentals, nothing has really changed for a big U run to come into play, other than slightly warmer weather for a few days then the return of cooler temps, sorry Huntingman but I just dont share your enthuisiasm to go long, storage is at 2555, 6 more injections untill end of September should bring another 500 BCF and that would put us at 3055 with final 5 to 6 injections remaining, in my opinion no need to go long yet, wait untill end of September, if storage is above 3000, stay short, if its under then go long, for now a weekly play is sufficient, Im thinking this is just a farce to bring up the price for expiry ( Hurricanes and what not) and price should drop back to $3.75 levels or even lower by next week, for now this run might go as high as $4.10 but wont sustain, expecting Bearish report to kill the run
Just my opinion , dont shoot me for thinking out loud