GREY:BXEFF - Post by User
Post by
dinkdestroyeron Dec 01, 2016 7:45pm
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Post# 25543776
NG prices should easily exceed USD 4.00
NG prices should easily exceed USD 4.00U.S. Production has been falling this week due to various issues. Weather looks strong for next week and beyond(DEC). We are getting cold in the West including CA(storage is low there due to Aliso Canyon storage issues). Cold may be severe enough in the West to induce freeze offs which will further reduce production. Supply/Demand balance looks bullish as we enter what looks to be a heavy HDD period.
BXE looks ready to break higher and the first test of the 150 day moving average(USD .92 as of today) look likely in the next couple of days.