Friday to Mon U TradeGood Monday premarket up 8.5% and taking off portions here and good chance I Exit before 9:30 NYSE market open. The storage w/d and storage by region behind us, the UGAZ buy as posted on Friday was based mainly on current weather and forward forecast which supported a probable higher NG demand in upper 48 regions. Took a while Friday for NG futures to show uptrend supporting early post to buy.
Congrats and nice win to U holders that took the Friday trade entry right through the weekend. D always in focus as I am very flexible to trade U or D. Just as always stated reduce if you are too early and on wrong side of NG. D will again due to volatility bring a trade for 8% or more intraweek off EIA reports.
Cheers Manx