NG...Back to normal...

[bone]

Yes....NG rarely falls below its 10 month low.

You’re a much braver man than I Gunga Din. I need the market to tell me where it wants to go.

 

[maxinger]

Yes....NG rarely falls below its 10 month low.

all the best mister.

I will probably archive NG chart till next winter.

perhaps I might look at the chart during the weekly Thursday inventory news announcement.

 

[bone]

The Natural Gas Rig count has gone down (bullish), but the current warm weather (HDD data) has been quite bearish.

 

[bone]

Yes....NG rarely falls below its 10 month low.

I don't buy into that with the new production reality in North America. At all.

Rolled, consolidated front month data:

Isolated contract (in this case Jan 2020):

 

[maxinger]

Interestingly just now NG went down about 100 ticks (ie during mid Asian session) due to whatever reason (cannot be winter suddenly very warm?).

wonder who are those traders. I doubt they are Americans as they are still sleeping.

Price seems to be reversing to go up?

 

[bone]

Interestingly just now NG went down about 100 ticks (ie during mid Asian session) due to whatever reason (cannot be winter suddenly very warm?).

wonder who are those traders. I doubt they are Americans as they are still sleeping.

Price seems to be reversing to go up?

Yeah, I saw that. No, big energy desks in Houston for example will have overnight staffing. And they have bespoke meteorologists on retainer so my guess is that a new weather forecast development is in play here.

 

[bone]

Price seems to be reversing to go up?

I have my doubts. US supply is ridiculous.

 

[maxinger]

Yeah, I saw that. No, big energy desks in Houston for example will have overnight staffing. And they have bespoke meteorologists on retainer so my guess is that a new weather forecast development is in play here.

That explains

 

[bone]

Monthly Continuous Consolidated (Rolled):

Weekly Continuous Consolidated (Rolled):

Daily Continuous Consolidated (Rolled):

 

[maxinger]

past 2 weeks, NG range from 2.55 to 2.7.
for years, 2.6 is its comfort zone.

Winter is over? Perhaps time to archive my NG chart till next winter.
Perhaps I will take a peek during inventory announcement.