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Rock_nj

12/01/16 10:27 PM

#8131 RE: tmorr55 #8130

I have no idea. I am not a chartist or anything like that. I agree that the momo will end at some point and nat gas will take a swoon. Who knows when and how far that swoon will go? Even in the crazy nat gas price spike winter of 2013 / 2014, nat gas sold off for a time in December, as the weather went through a mild spell. Then, winter hit with ferocity rarely seen in the lower 48 of the US. Where I live in NJ, we literally did not see temps above freezing (32 F) for 3 weeks straight, day or night. Now that's cold, and nat gas responded with draws of well over 200 bcf per week and prices that shot up above $6 per bcf. There is some speculation that we may have cold like that this winter. If it hits like that, I think we could see draws over 300 bcf per week, given the big increases in demand for nat gas over the last few years and the leveling off of supplies over the past year.

Its all about timing with nat gas. Playing it short can be very profitable, but you have to get the timing right.
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wz9ytp

12/02/16 6:25 AM

#8134 RE: tmorr55 #8130

My thoughts.....

We have three gaps below and a draw in the teens expected next week. First gap around $3.22 is a given, I expect that to be coverred, giving D $5.30ish. At this point I think we cover that next week. Doubt we'll see the $3.12 gap filled, $2.86 either...at least for a while. But after that it's off to the races. Triple digit draws brings NG towards $3.74 - $4.....

But this moves soooo fast it's hard to tell at this point.
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surehands

12/02/16 7:59 AM

#8138 RE: tmorr55 #8130

4.65+ is going to show up today. Dont see it going over 5.