RE:RE:Storage report !The uptick you see regarding HNU is mininal and doesn't mean much.
Look at the NG 1 year chart and that is the bigger picture. What happens with these ETF's , regarding HNU and HND, when you have a report coming out every thursday,the short covering happens most of the time on a tuesday.
You would think it would happen a day before the report, but in general it does not.
Then when the report comes out , whatever result you have, it doesn't react accordingly , because the damage was done 2 days prior.
The acception to the rule , is if the report is really bad ,then you get another sale-off regarding NG.
Once all that is said in done ,we're looking at the weekend and see how the markets are reacting in the geopoliticol forum, then we look how monday starts.
The process is called , rinse and repeat ......