Absent of trendAbout time we reach a point I can buy Dgaz again. In at average cost 22.27, holding 16000 so add 25% or sell all and remain absent. Real nice bounce Friday to Monday and escaped the overshoot on U pushing Dgaz to today low.
My concern remainss the forward month August futures priced higher than the July flutes. I do not expect breakout but possible very high injections commence to fill the gap on storage before summer. Only reason to trade D. U has been the sleep Ezekiel trade.
D needs to reduce on weakness and for a rare day has got an early Am support off day low.
Glta Cheers Manxcan