RE:Forecast change (again)even with forecast changed in north east, the south east 90 day is trumping the direction.
Reluctance of traders to push price higher than the resistance of Feb 13 to Feb 20 period.
Gas falling and today the overnight trading was "a fix" for providing downside cushion on tommorrows disappointing expected injection estimates. Highly suspect of this estimate of 57 B withdrawl. Maybe more injection in the southern areas that will become next weeks withdrawl down there with a couple of cold days in the forecast next week...therefore it is neutral and makes a flat chart. outcome. My take is that makes it a bear market .
The market cannot decide over the trend and therefore I will have to bias at continued bearish side on the monthly candlestick seasonal play.