Yes, my stop order at 8.10 i just put in nearly got triggered. I'm amazed DGAZ is up only 2% here instead of about 6 or 8%. Where did all this buying strength for natgas come from on Monday a.m. continuing through today despite the brief selloff to $2.55s?????
Is it time to go long ngas???? I can't believe i'm saying that when it's only mid-April and all those analysts are calling for ngas prices in the low $2s..... and we've just had an above-analyst-forecast report of 63Bcf from EIA.
It seems like, just as with oilprice, there are some powerful interests that are determined to prop up these prices, despite the supply/demand imbalances.
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