In general, I think between now and the next super spike, you will probably see a lot of consolidation. And this time of year, is typically not very bullish for natural gas anyway. So at that point I don’t really worry about it too much one way or the other. Granted, it’s probably worth noting that I have natural gas investments in an ETF, so I don’t have to worry about leverage and therefore the day to day fluctuations don’t really stress me out that much.

Ultimately, we’ve got a situation where traders continue to look at this through the prism of an oversupply situation in their most certainly is. But we do have a tight range between about a $1.50 and $2. That is somewhat compressing the market into a nice little predictable trading range. And if that’s going to be the case, then I think you’ve got a situation where you have to take advantage of it.

If you are short term inclined, however, don’t use big positions. I do favor the upside, simply because once we get below $1.50, the drillers will just simply leave and then eventually you’ll have a massive spike. I don’t think that happens. So, I think what we got here is just a market killing time.

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