There was no reason for LNG to be sold down yesterday to 3.82 when it got to 2.96 during the late morning and there was no reason why it got to 3.07 this morning irrespective of what Cheniere did last night.
Lng opened this morning where it closed last night in the U.S
I mentioned the other day that LNG has become a traders delight. Personally I wish it wasn't.
Slow and steady is how I like it.
Could easily be back at 2.95 by days end and who really wants to see that.
Just hoping it can hold it's gain today and consolidate from here on end.
LNG Price at posting:
$3.04 Sentiment: Buy Disclosure: Held