Inevitable yes.In closing discussion the point is the call of a drop was correct for Wednesday and I may be right on a 2/4% dip at report before U runs up following arrival of a storm system.
I have stated production is omnipresent on NG. Demand is not. The price of that demand rises best on a storage below a 5 year average. You can trade for aU bounce but a run requires very cold or very hot temp backed thereafter by a report each week.
That is what drove my Christmas U trade from $49 to $105 on UGAZ. As you saw a price collapse happened without this fundamental NG support to U trading longer holds of ETF position.
U has a good chance to rebound after the system of clockwise warm air moves NE and allows the colder weather to move from CANADA south. All looks good for Friday U rise in price.
Cheers Manx