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TFC Commodity Trading Forum

Re: Weather and Tropical update Sept 4th/CJ

Hi CeeJay,
Thanks for the update !!!

I don't know if the Ng market will open tonight or not, but I don't think so.

I have developed "mixed feelings" on this. These storms [Lee and Katia] could turn out to be BIG demand killers !!! Then there is the additional cooling you mention in your post.

I am long from 3.9 and going to move my stop right up. If it drops at all, I will get out and take the hit. I don't think it is impossible for Ng to drop as far as 3.5 before it goes up !! Anyway, I have lost confidence at the moment.

Will get out and re-group.
Maybe will "get lucky" and the Sept. seasonals kick in, but I have my doubts.

Thanks, Lee