There are a lot of factors right now that are squeezing natural gas supply - excessive supply.  global LNG prices have been falling, additional supply coming on stream (Russian Arctic generating record production from Yamal). A molecule of LNG can now be delivered from Norway to Singapore for the same price as from Doha, and the gas quality is higher.  US is poised to become the world supplier of NG.  This is a time of dynamics and change in the NG business.  The question to me is (1) what comes of the global trade wars (2)will NG demand continue to rise as has been widely discussed?

Totally agree.  My vote as well.  Peter

weakness is continuing ... for now

gaps reflect an instance when/where price is not tested and accepted.  Every time a price of a contract is bought or sold that is a confirmation of that particular price.  When the market "gaps" it skips over price and so the general sense is that as some future time that price "gap" must be filled.  Or at least that is the way I look at it.

...... when you make a good trade and you manage it well, and you exit with ... and you put it a very large profit.  That is the essence of trading.  Thanks for sharing.

love your posts.  and I agree with your view.  simple price action for me - trade the chart.  I have come to the place where sure more reading gives you more insight, but may not necessarily change the certainty of the conclusion.  I also like to use the ubiquitous 80-20 rule.  20% of your effort will generally yield 80% of your objective.  It's that last 20% of the objective that is often difficult to fulfill and requires 80% of your effort.

@junkie - the market is based on fundamentals?  I suppose that remains true if you categorize trillions of liquidity injected into the patient from every CB in the world as part of the market fundamentals.  Credit spreads of 1300bp!  The cost of insuring debt is pushing some sovereign risk into fall 2008 levels? And what can we make of the numbers relating to debt:GDP, debt:income, unemployment, productivity, capacity utilization, rate of bankruptcy, # bank failures, collapsing CRE, ballooning CC debt, currency chaos, asset balloons .... ??? This all still means to me we still have some serious stall mucking to do, but maybe not.  Anything can happen.

Excellence building on excellence.  You are commended on your efforts to date, and I look forward to walking these new paths into the new year.

very interesting observation.  and yea, the other comments re: BB and Obama .... where are MY meds?  Shocking, though maybe not considering all the so-called shocking things that just continue to happen and no one pays any attention .... would that be sleeveless or maybe it should be ... sleeveless.

just wondering if you have updated third chart of these five charts.  Just curious.  thanks!

Here Here .... a fabulous job in so many ways.  Keep up the great work.  And agree that the updates should be at your discretion.  Excellent efforts by all!

the musical chairs analogy was in something else I read recently.  With the final question being, where's your chair?  The thing about the full moon and bottoms, my my wouldn't that just torch things for all those that have their own bias.  I picked up my lounger in late October.  Many best wishes to all traders, may your expectations be met and surpassed.

IDK - is that not one of those things that sure might well be the case, but in accordance with everything we have ever learned as trader's - know your max. risk tolerance and accept it PRIOR to entering the trade.  Is it really reasonable to see a room fulls of otherwise realtively smart people (maybe that's the error in this  thought process?).  If they were really doing that, could they (Dubai) accept the FULL potential for this trade to go wrong?  Not saying they didn't, but that's the realm of titanium stainless steel cajones!  Would be the first time someone decided on a risky exit to a bad trade (chugging down more debt than you can service).  Monday will be more than a little interesting, as will the overweekend futures market action.  Trade well.

Hear Hear.  Much agreed.  Many thanks for your continued commitment to provide timely and valuable information.

WOW ... the buy volume on the 3min es12-09 .....

i believe its tomorrow morning for a half day?

AlJazeera had a piece last night and this morning NakedCapitalism has another.  The problem could be managed without collateral damage, or as Yves remarks, this is going to hit the European Banks hard?