Agbeli Ameko
Agbeli Ameko
amplified bounce classic covering downside funds gas natural short
A lot of funds are short natural gas so they amplified the downside move. Then, the bounce was on some short covering -- classic speculative volatility.
colder despite elephant expected high record return room storage traders
The elephant in the room is storage right now. Despite the expected return of colder temperatures, traders see the record high storage.
markets seen sell switched transition warmer warming weather
You have a transition to a warming trend. Because it's switched to warmer weather, we've seen the weather markets sell off and of course, the natural-gas markets sell off as well.