Friday, May 14, 2010

Why Natural Gas Should be Shorted or Sold

This is the latest storage chart, comparing last year's numbers with this year's. Note that last year's numbers were already at record highs.

Current storage is 2.089Tcf, compared with 1.992Tcf last year. That's only 4.8% higher, however, last years numbers were extremely high already. The current amount in storage is higher than the 5 year average (1.764Tcf by a whopping 18.4%)

Disclaimer: On the bounce up, the author went short NT yesterday (again), through

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