Month over MonthBack to April 26 Dgaz low at $25.32, we close today $25.28 off a low 25.08. I prefer here to focus report to report as April was on withdraw. Now we have low storage and potential high injections.
I agree with Mayor, we do not know when a breakout occurs where we have been rangebound. We do not know when temps will rise to create an inevitable U price jump. We have an upcoming report which may top 110 injection. If that occurs more can follow.
For now as we reach month low on Dgaz a high injection will likely move Dgaz back to middle of rangebound $25 to $31, so Dgaz $28 would be target. Thereafter all depends on weather.
Glta Cheers Manxcan