Please take a look at the storage data for the week:
Summer season must be here, not good for natural gas.
This seems to have been a lot of pump and dump these last few days.
Given this week's cold weather, another surprise may be in store though.
Thursday, March 31, 2011
Why natural gas and UNG are crashing today
UNG today:
Not even Obama could saved it today.
Please take a look at the storage data for the week:
There was an injection of 12Bcf. The problem with this is that it happen weeks ahead of the usual (note the upward slope in comparison with e 5-year average curves, the shaded areas).
Summer season must be here, not good for natural gas.
This seems to have been a lot of pump and dump these last few days.
Given this week's cold weather, another surprise may be in store though.
Please take a look at the storage data for the week:
Summer season must be here, not good for natural gas.
This seems to have been a lot of pump and dump these last few days.
Given this week's cold weather, another surprise may be in store though.
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