Wednesday, April 11, 2012

As Natural Gas Trades at $2.00 Beware a Whiplash Upmove

Just a friendly heads up for folks who have been following this trade the last couple months.
With the EIA reporting storage numbers tomorrow and slightly cooler air over the NYMEX. traders are primed to reverse the downtrend for a few hours of whiplash.

Cash prices were a bit stronger yesterday and remain above the 1.905 they touched on April 2.

We are still looking for $1.80 May-June.

The warm air returns to the 10282 zip code in a couple days.
Front futures $2.006, last.