Roll the dice?
Updated
This is a weekend where uncertainty precedes. Potential for a 3.75 up-swing is historically present, however recent draws were un-exciting. Cold snap could definitely continue into late January, so I'm really interested in seeing how far up the bulls will be able to push this Monday evening into Tuesday morning for the open. It all depends on the draw, but HDD is decreasing into Tuesday, with an uptrend on the week. A lot of factors to consider with LNG exports, China trade and general sentiment. What do you think?!
Note
/NG is testing the 3.201 low, which depending on this action could signal a bearish turn or a bullish potential if a bottom is maintained. The long range weather forecasts are frigid in the east, mild in the west. Storage deficits exist in Southern California, which as a balance could offset the warmer temperatures currently predicting lower than average withdrawals overall in the west. I'm having doubts in the long strategy at this point, and obviously analyzing from that perspective. I'm also curious enough to wait until Thursday EIA to make a final decision. We shall see!Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.