RE:RE:RE:Mx -Assess Week ForwardWe have highs betwix each report and I expect today will be the U high. U still looks favourable as very hot in US coast to coast in the lower 1/2. That can be expected as close to normal. U has benefited from very low injections and a below normal storage underground.
This can still favour Uside for a week or two if lower 1/2 remains at high temps. For Tuesday you now want to take off the intraweek profit. Why is due to fact average cost buying requires constant steady support of buying production for demand pull diminishes.
So I take all off. May take a D trade or wait to take it tomorrow. I will assess at report. I am hoping U stays on trend and moves up at least 8% above today’s high.
That brongs Dgaz near $20 and under $20 will put us in excellent position for a very good late Aug or early September run which may last uptrend for 10-14 weeks.
Getting ahead of trading, just consider this a Senario in the works.
Glta Cheers Manxcan