Dealing with Temps High volatility temp swings. Opportunity to clean out D stops here. Upper New York State a counter clockwise system, below seasonal average, has bottom of system running through NY. This creates the day trade.
However, drop of 2.5% to $27.69 off day high is good to day trade Dgaz remains well above Friday close. The storm is headed to the Atlantic tomorrow and Dgaz May top $29 Wednesday before report.
I hope May weather is cool, last thing I want is near record high temperature highs. Warm days, cool overnight = lower demand, perfect for large injections.
I think from capacity of production and supply side we see Nymex HH NG spot below $2.50. Overshoot possible. I see spot reaching $3.35 possible August contract.
Focus remains on D with intermittent reduce rebuy probable on strong spikes. Cheers Manx