ContraryThat is what D is as a trade and as expected we get a lift on UGAZ as I wrote probale yesterday. Just a fact high temps linger on forecasts. We are into POTENTIAL warmest period of summer ahead of us next few days.
Risk of guessing on D fights U support trend and disaster. Uside, unless forefast support in place for aD-side bounce as was seen last Friday. That trade I took and explained I would before event providing price and forecasts were in line. Still risk, but doable.
Comfortable with U side until it isnt. Similar to trading D through May, comfortable until it wasn't. The key to a pivot. Expect transition swings comencing week out.
GLTA Cheers Manx