O ELLIOTT, WHERE ART THOU?

2022年12月25日

While Storm Elliott was raging outside Wall St and Nymex, bringing temp below -45C, NatGas price plummeted by 50% from its peak in August, the hottest time of the year. Go figure.
So what's next? On this particular chart, there's no strong support till $4 or lower and the path less resistant is down.
Note: The operative word is particular.

2022年12月28日

ノート

The pain hasn't ended. Whenever Nattie reverses, there are big impulse/momentum moves leaving very long wicks. Haven't seen anything like that yet.
Record setting warmth will spread across the US for the next 12-days for the lightest demand in more than 40-years. The pattern around Jan 10 will be closer to seasonal, although quite far out and subject to changes, such as the overnight GFS and EC showed.

2022年12月28日

ノート

Did I jinx the thing?

2022年12月29日

ノート

This week EIA report in 45 min. Will be quite interesting.