Agreed > totally vulnerable. While much of the market
does not seem to pay attention to fundamentals, the core
fundamentals of NG are horrific and no particular open path forward
insight. A lot will depend on continuing shutting in of
production, hot weather, and rebound in LNG demand, and possibility
of increases in fueling switching for power production. The
winter high was nothing compared to previous years, and the supply
demand has only exacerbated the misalignment.
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Agreed > totally vulnerable. While
UNL 60min chart Nat Gas finding a bottom?
Posted by tahoe on 26th of Jun 2020 at 03:09 pm
Agreed > totally vulnerable. While much of the market does not seem to pay attention to fundamentals, the core fundamentals of NG are horrific and no particular open path forward insight. A lot will depend on continuing shutting in of production, hot weather, and rebound in LNG demand, and possibility of increases in fueling switching for power production. The winter high was nothing compared to previous years, and the supply demand has only exacerbated the misalignment. $NATGAS Daily -