RE:RE:The TradesLongguy, re NG. On prior year you had a higher storage number so less will be injected. Here is logic, demand drops in spring but less need to pump into storage massive BCF delivery per week. In 2016 spring we had very high storage and very low spot price.Logic, demand less but even less need to deliver at that point NG. Moved from spring rain to hot summer with little transition. The low spot rose dramatically off near historical low.
here 2018 logic. Winter never ends it seems but we know it will. Spot is holding up storage is low. Expect as I state you will see big injections some time in May and early June. NG spot will fall 20, 30, or 40 cents. If 40 cent drop Dgaz just below or above $40.
This is is my trade set here, always tough in transition, but rewarding if assessed correctly. Ps on report Dgaz can dip again near $26.50. But expect if this current system is passed New York and offshore Dgaz us up and for certain will Friday to next Monday.
Gl Manx