In general, this is a market that has plenty of things to push it higher, but I don’t necessarily think that it’s got a huge run ahead of it. When you look at longer term charts, you see that the $3 level has been crucial multiple times, and as we approach it, I would expect some type of pullback unless of course a hurricane or a tropical storm actually shuts down production in places like Louisiana.

Even if that were to happen, that would have a short-term effect. We would probably get some type of pullback that you could buy into heading into the winter, and then you collect your profit. Remember, I am long of natural gas via an ETF, and now we’re getting to the point where I may close out even more of my position and just take my profit and go home. As far as jumping in here and buying, I mean, it could work out, but it is a little late for that.

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