we may have finally seen it hit lows

I have been a long term follower of the value of natural gas on the futures exchange and for the first time in a long time I feel comfortable the price has hit rock bottom.

It is purely intuitive from a long-term observation.

Last night was the first time in many months we saw shorts cover ahead the release of storage data. For those not aware Natural Gas storage in the U.S is at record levels currently standing at approximately 560 bcf or approx 21% above last years levels.

This is the first time in a long time I have seen shorts cover ahead of storage data.

I have placed a limit buy at 3.25 on the October contract and would not be disappointed if I am in for the ride.