Pre marketWe are reaching pre market lows at $28.07 bid on Dgaz. That may bring support as down 8.5% off Monday UGAZ high. Having sold off an upswing I rebuy as price is below the Thursday close. I project a doable and probable minimum 33% return on current Dgaz price come late April or early May.
Good post from Invest. Covered current condition, my speculation to enter if on forward anticipation of the demand dropping. Despite demand and storage level we will quickly move to injection season. I noted prior a big change in forecasts will occur Wed to Friday.
As to demand one one must also factor in the increase in production of NG year over year. Thus nearing injections I realize we have daily swings but my focus is to always build now Dgaz positions on Dgaz price pullbacks.
I have in pre market bought and will continue to buy the Dgaz day low or on a price rise.
Cheers Manxcan