warm weather affecting NG prices?NG getting hit hard today as the weahter warms up and demand for heating gets reduced.
i'm not sure a big drop like we are seeing today is warranted for short term weather patterns and I'm also not sure that it will cause a big increase in injections for enxt week as there are other sources for demand, like LNG and power generations and exports to mexico but it might have a smaller effect for sure.
still a big drop in NG prices I don't think is warranted and I will go long on NG or PMT if there is anyone willing to sel me their shares in the 1.85-1.80 range.
thanks in advance