I have a strong feeling UGAZ will go back down next week. This weekend its supposed to be 70 degrees in washington DC. This will be a news headline. NG trades on weather.
In 2 weeks it will be a better time to buy UGAZ,
But then again I have always been wrong on NG so I dont really know.
Correct me If I'm wrong, I have noticed UGAZ run up 2 days after the report then go back down. I see this pattern for 3 weeks now.
Let mark this UGAZ run up yesterday and today. Will see happen on next week.
People started to digest the number and what it meant to NG price. India's NG price raised by a huge 42% since June 2012 and see higher NG in 2013.
The greedy shorts may not cover yet. Ensure they pay. Holding your positions. Europe's NG import raised by 77% since Jul 2009. Predicting that as economy is recovered, the import number should be higher. Where they are imported from?