MarkMedayski

Natural Gas Prices Set To Surge - Canaccord

Hi,I am Nat Gas trader just recovered 10,000EUR yesterday on NG futures,even made small profit.
Price of NG (don't have position today) will rise,I think the fall was because bankruptcy of Sem Group LP,big Nat Gas trader who had to liquidate positions to repay bank secured debt,when it's trading book was on the margin call.Same happened to Amaranth Advisors hedge fund 3 years ago,when they bought short term expiration futures and sold long term,those long term was when hurricanes Katrina striked,bad luck.Then they went long again after losing on the shorts in expectation of higher prices but it seems there is bigger players than 3$ billion hedge fund,and those players together with Nat Gas producers sold to Amaranth so they had to liquidate again and lost all 3$ billions.
Also Oil (supply/demand driven only) helped now to crash Nat Gas prices and the even more with Sem Group LP liquidation.
Now good news for long NG trader,Barclays Advisorsof UK bought trading book from Sem Group LP for pennies and I believe there is too many longs to let it sit at this prices.
I am positioning to jump on the first buy signal to buy NG,when it will happen?
I expect it will happen on a day when NG price will go up nicely even if CL (Crude Oil) will be little changed or even trading down.It is when then they will start to taking shorts out as it is too much billions puted on the table to make it lose,you can not believe me but don't try to play against Barclays trading desks.
But be careful,there are too many pikers on the long in NG so maybe we can see 1$ move down before rally.Be prepared.