Mid pointNote since the 14 trade days commencing May 23 Dgaz traded 14 days where 7 days above $23.10, and with 7 days below $23. The pre market price was at 5% low of midpoint. UGAZ remains stronger speculation side into July, constant bottom support.
What I see is mild UGAZ support due to weather. It will spike probably 25% to 35% in July, maybe 50%. The big trade will be Dgaz filling the storage shortfall August to November.
Today if high not reach for 5% then 3% works for me as NG been a pain looking for bottoms U or D.
Glta, Manx