It has been a long time since I have seen this type of blind panic buying with no significant pullback. Looking like we are going to finish at or near the high of the day. Futures volume is huge! Every small pullback is met with major large buy orders. This is not good if you are short. Looking like a move higher on Monday. GS put the price at $4.50 and the traders are determined to get there as soon as possible.
There is storage involved with energy, it is always in contango. I agree, GS could just be pulling in all the dumb money for a massive dump. I know them and they were very well positioned before that announcement. This is the wrong time of the year for NG to go up like this. Could be the start of a major move, question is, which way.