Regardless of weather/inventory numbers, NG will rise.I'm full loaded HNU(3.66) and UGAZ(2.28)..... looking for a 10% pop in NG. I'm expecting a small neg build for the next 2 reports, but this will only add fuel to the fire.
Don't be fooled by weather forecasts and inventory numbers, NG trades more on a technical value than anything.... Long term weather and storage matter, but the spikes up and down are the BS trades.
Look at the spike up in WTI prices when the Yemen situation occured, pure BS move.... i was looking to short at 53ish.... didn't get filled :(