O ELLIOTT, WHERE ART THOU?

٢٥ ديسمبر ٢٠٢٢

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.

٢٨ ديسمبر ٢٠٢٢

ملاحظة

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.

٢٨ ديسمبر ٢٠٢٢

ملاحظة

Did I jinx the thing?

٢٩ ديسمبر ٢٠٢٢

ملاحظة

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