Sunday, August 23, 2009

Overzealous on Natty?

After the endless winning picks it is possible you guys may be thinking"This Natural Gas has turned into a vendetta with this guy he has lost perspective here" Questions I have certainly asked myself the winds have died down a bit and they evacuated the all important Sable Island facility
unfortunately it is automated and production will not be interrupted by that alone. There may be damage and there will be no maintenance but the probability has now been raised as that is only the first one we have a huge hurricane season in front of us and Natty got down to 2.75 the buy in spot I gave you on Friday roughly 3 on the October contract.
There was data that pointed to me that the end of this decline may be at hand. There was a .17 cent pop in extended trading Friday and there is a significant short position that will scramble to cover in this illiquid summer session. If you can "weather" this storm the one is natty for now may be over wait to mother nature sends a couple raging through The gulf energy region.