UgazI bought UGAZ in premarket. Last week I said Dgaz strong, UGAZ can bounce 6%-9% due to low underground storage verses 5 yr average. Of course need the demand to push UGAZ HNU up the hill.
I want 6% and to get it I will have to hold into Wednesday. I will as best low forecast New York is for Wednesday. I need exit price near $58.75. Will see but not disappointed with today 4% rise, a good bounce on week side.
Cheers Manx
Ps load D at report, D is going up in May. The risk is over past 3 years the NG industry has kept spot over 2.60. Still low withdraw and good injections should bring spot to $2.33 plus minus 10. With low storage and high heat temps late May to Hull 15 we may see a great 100% U trade.