Mar 27,23-NG-Price ain't going up!
SO - from my last post, thinking price would rally even 500 points failed to occur. Sucks but that's the world we live in currently. Even with the contract rolling over there is no chance of a rally. The IEA says inventories are 22% above the 5 year average - this combined with winter being over in the U.S. means no demand for NG.
So, I am sitting on the sidelines, waiting. Price may go well below 2 this week, maybe 1.7.....maybe even 1.5 - who knows.
Anyway, I'll be looking at other trades - maybe oil, and the S & P 500 to make some money.
Take care and stay safe.
Heiko
So, I am sitting on the sidelines, waiting. Price may go well below 2 this week, maybe 1.7.....maybe even 1.5 - who knows.
Anyway, I'll be looking at other trades - maybe oil, and the S & P 500 to make some money.
Take care and stay safe.
Heiko
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