Soon to be front futures (Feb.) 2.199 -0.086 with the January's down 0.133 at $2.161.
From the Energy Information Administration:
for week ending December 20, 2019 | Released: December 27, 2019 at 10:30 a.m.
...SummaryFrom the CME, the last few days price action:
Working gas in storage was 3,250 Bcf as of Friday, December 20, 2019, according to EIA estimates. This represents a net decrease of 161 Bcf from the previous week. Stocks were 518 Bcf higher than last year at this time and 69 Bcf below the five-year average of 3,319 Bcf. At 3,250 Bcf, total working gas is within the five-year historical range....MORE
Natural gas can kill you and I don't mean asphyxiation or explosions. Try trading that in real time.
Which is why we sometimes have to resort to Fibonacci retracements and other such esoterica:
HT: Marc to Market
Oops, wrong example.Lets try this:
As we observe, the Fibs are natural and can be seen everywhere. So obviously, uhhh, higher?
Lower?
Higher.
