This week has been HOT; it was not fun takign the subway and walking into work on Tuesday in a suit, when temperatures hit 104 degrees. With hot weather, comes more use of airconditioning and other cooling devices. What powers these - natural gas. The results of this heat will have a lagged effect to the market and will appear next week. Keeping this in mind, take a look at the open interest which has shown signs of decline. Less supply with more demand should push up these prices and made a nicely profitable long trade. With the down day today, the price should be rebounding up regardless, so why not get in on this movement at a cheaper price? Just placed an order myself.
- Krames
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