Not so bad, not so good, I hope to see at least a support area around 13/14% in few days. I hope.
Resistance is the area 20,5% we have seen and somebody of you commented with a further increase in arbitrage.
Few analysts still speaking of this arbitrage opportunity.
Very important, today for the first time UNG is reducing the premium with the futures falling, this mean a very high pressure on this arbitrage and some "big guy" that is entering in this arbitrage.
Just a my view... but as I know some of you should be agree because noted the same thing, that was just easy to see comparing charts of the past 5 days.
I will update you shortly.