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No-Quarter

08/03/22 12:18 PM

#2148 RE: 3xBuBu #2147

The heat wave is dissipating, meaning less consumption of NatGas. If tomorrow's storage report shows a larger injection into storage, rather than consumption to run power for air conditioners, then I believe it is safe to say the industry is beginning to build inventory for this coming heating season.

https://ir.eia.gov/ngs/ngs.html

If demand dissipates, and supply increases, NatGas prices will drift lower for the next few weeks.

Ride the KOLD wave until it's time to ride the BOIL wave again. Classic swing trading. GLTY



https://www.fxempire.com/forecasts/article/natural-gas-price-forecast-natural-gas-markets-show-signs-of-hesitation-1085068