natty gas was just discussed on bloomberg. Concensus was natty gas would remain under pressure due to current warm temps and an oversupply situation...
IE< outlook isn't promising.. Now will ugaz make a bounce? That is possible, been looking but the chart is outright ugly and not showing any signs of 'pausing'..
IE< its looking like for interest to occur, its going to need a 'shock' to the 'demand' picture.. One heck of as drop today, big volume for this early in the day...
almost as if many bought looking for the winter 'pop' and are now unloading...
disclaimer: monitoring it, but not liking the chart at all, nor the outlook for the odds of it doing much more than a short term blip like it did last week. Although if one is fortunate to time their buys with a 'blip', it can be 'positive'... But from a 'use the chart' to time an entry, I am not getting it...