Very Bullish.
The futs are backward for the next several months, which makes it very bullish for NG and especially Boil awa Ung. So when they roll, they roll to a lower contract price, which gives them more leeway to climb.
Jmo but fundamentally it appears NG production and demand are now about even, and the market looks ahead. Demand is very strong into the future, and new drilling still lagging. Addional LNG production continues to come on line, and several new NG fired gas turbine power plants have recently been approved.
Trump and co are pushing LNG, approving more plants and expansions.
The severity of the winter a bit unknown, but just starting.
It is all about more power, the sector you work in. That is why CSIQ is ripping up as well. CSIQ/Recurrent produce a lot of power. For the consumer higher power bills, as well as NG bills for those who use it. Inflationary, you bet.
What is the consensus from your side? Any good rumors?
What a market ym, what a market. Looks like about everything setting to rip higher.
Tweets
7.5 next probable target area. The big bowl formation continues to fill out, moving along faster now it appears. Longer term my best guess is 10 will get exceeded by early 2027.
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