Oil GOld and Nat GasOil I feel will stay on trend to mid June or July. Then assess Oil D trade. "."....".............................................. and gold.
Gold, going soft till August. JDST Trade good bounces. I like gold, but more interested on stronger potential trend.
Nat Gas: Untill proven wrong on my senario A I will remain with larger capital positions on a D trend. Certainly flexible to take all D off table and re entered from 4 to 12% lower as required and even trade U side very short term 1/3 days max through to early to late June. Why, because production will be very high and supply from storage is a game of buy cheaper NG when storage vacuum exists such as now.
Forget recent chart pricing icing on HH futures. HH spot can again fall in range $2.15 to $2.35 before summer demand kicks in. Weather will have major impact but not until June to August run. Plus weather can be below average, normal or blistering hot through summer. They better assessed mid May through to Sept and trade reality.
Glta Cheers Manx