Re: Oil is looking good, but NG not so
Agree on Dec for NG.
It seems we go through this every year now.
You need big December or at least some stress indications to set up market for the rest of winter, Jan, Feb.
Feb is short month and rig crews get ready to come back in March, so blowing December draws is one whole 3rd of the season…..can’t get bullish without it unless there is extended polar vortex in Jan ….not just 3-4 days….week plus at least is minimum.
Otherwise we see regional spot price spikes and HH barely moves.