I just heard the long range forecast on Weather Channel. Cold thru end of Feb. One storm after another. Be careful with DGAZ, don't lose too much. The long term trend in NG is up from what I see. I got out Friday morning for a good gain. We'll see which way it goes Monday.
Over supply of natural gas as frigid winter comes to end. Who is flocking to buy natural gas now. Supply and Demand. Less demand means over supply and lower natural gas prices. What makes it worse is that the federal government is limiting natural gas exports.
The federal government is on loose ground and frigid temps are NOT ENDING in pop centers. Yes we have a huge supply . but if draw down does not raise prices then the backlog will be huge going forward.