Natural Gas 2021-Q4

NG storage weekly build is 63 BCF. Bearish to me. The gap to 5-year average keep shrinking.

 

Took me a number of tries but got short Oct 5th and added last week, I always hedge upon entries. It had made new 9 year contract highs. Nat Gas seems to always make same topping patterns on monthlies so it is easier to spot, been trading Nat Gas since 1991 but always very long term.

 

This NG market is like the old market when Gulf hurricane was blowing. Still a lot of $$$ chasing this market.

 

NYMEX NG - down it goes to below 4.7

either winter is warm, or
supply >> demand.