Afamiii

Why Did Natural Gas Spike?

Everyone is looking out for the bottom, because no one wants to hit it. IMHO the bottom was touched during the first week of Sep, of course I tend to be wrong up to 50% of the time. But I am trading the belief that, that was the bottom.

Regardless, costs are sitting at +$6 and prices are hovering around that (for July deliveries.) Supply (though not yet inventory) is dropping. At some point supply will drop below demand and prices will higher.

Is this the rally that will take us there? Who knows? If it is we will profit, if its not then we will try again the next time.