MIXED SIGNALS
Market trends prior to EIA reports released on Thursday has proven again an oversupply, but attained some short term buy positions by hedgers over Midnight Eastern Time but turned down south once again. This comes to show that buying has once again been exhausted in a short outburst followed up by realization of Market awareness to be bearish due to demand in its supply sectors. No clear sign of a real Rally. Despite having cooler weather predicted to hit the North over the ext 7 to 14 days, it is still to early to say for any price rally, as market is still struggling to find a key price affecting factor to allow rally to reignite prices of Natural gas. Shorting a short term contract on Natural Gas is still the option for Day trading, as price seek the bottomless pit of NG prices.
Market trends prior to EIA reports released on Thursday has proven again an oversupply, but attained some short term buy positions by hedgers over Midnight Eastern Time but turned down south once again. This comes to show that buying has once again been exhausted in a short outburst followed up by realization of Market awareness to be bearish due to demand in its supply sectors. No clear sign of a real Rally. Despite having cooler weather predicted to hit the North over the ext 7 to 14 days, it is still to early to say for any price rally, as market is still struggling to find a key price affecting factor to allow rally to reignite prices of Natural gas. Shorting a short term contract on Natural Gas is still the option for Day trading, as price seek the bottomless pit of NG prices.