Before u sell on the first day of a Major NG Breakout consider the following
NG has been a short trade for months
NG had record number of shorts some still linger and will be forced to cover and likely go long as not to be left behind.
NG is a long trade and the fun is just beginning.
Rig counts are dropping, production is dropping or halted, associated gas is way down. Summer is coming lots of people inside AC units will be working overtime. The mindset is changing from save all the weak old and fat to survival of the fittest. No more sitting around time to get out and do something. The answer to less global warming is less people. This virus should serve as a wake up call to what's coming down the road, Super Corona Killer Mutant engineered to wipe out 62% of the world population. I'm not the only one that studies chart. The Chinese wont have any problem reducing world population.
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