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I add to my model the last data http://ir.eia.gov/ngs/ngs.html
And it confirm the short positions on natural gas price,
I will not add more shorts now and only 50% of the portfolio is now opened. (Not sure about adding more shorts while we are above $4.7)
Screen below of DGAZ position in model portfolio.
But if we will see more then +100 storage injections in May then natural gas price will start to decline much faster up to $4.2-4.1 in next 4 weeks.
Holding shorts and waiting.
Disclosure: I am short UNG.
Additional disclosure: I do not trade equities, only derivatives.
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