IF NAT GAS CANT RALLY ON THIS

THEN IT WILL NEVER RALLY!

That map you see above is a computer model forecast 10 days from now. It shows a hurricane in the middle of the Gulf of Mexico. Below we see the nat gas chart which continues to look like a chart thats making a bottom. Of course I've been pushing that meme since July 1st and so far we have done no better than trade in a range on the UNG with 12 at the bottom and about 16 at the top.
I cant imagine nat gas getting any cheaper than it already is unless the economy completely falls apart. One of these days. MLPS are correcting in stair step fashion and you can see we are hugging just above the moving average support lines. So far all it is is a correction in the bull trend. At some point the primary trend will resume unless of course we are at the beginning of a new trend. Never a dull mommnet.

This morning is looking like a typical Friday which means not much movement after the open. Summer weekends are dwindling down to a precious few especially this summer here in the northeast which has not been very good weather wise. Crude is flat. Nat gas is showing us a few pennies of rally. Stock futures were a little higher and now have turned flat.

The tropics will be cooking as mentioned earlier so for the latest on whatever is going on here is the latest sat pic and the hurricane center main page.