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Thursday, July 8, 2010

Nat Gas Inventories/Trade


Natural gas in storage rose 78 billion cubic feet in the latest week. An injection of 70 bcf was expected.

Bloomberg.com

As one can see from the chart, I purchased some August NG contracts on the the oversupply news. My stops are set around 4.35. Though, I expect to ride this trade out over the next day and half. My price target is $4.53/MMBtu. I will keep you updated on any new developments.

Patrick M. Ambrus
Analyze Capital LLC
analyzecapital@gmail.com
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