if we compare this correct to the one last year, then we are barely half way into it.
Unless there is some news to come from BOW (and there might well be considering a major energy user will be looking for more gas now!), it might just be shorts covering.
It is still a very weak market and BOW is still on a significant downtrend.
BOW is cheap on fundamentals, but it might just get cheaper.
Waiting to see.
