(Source: Goldman Sachs Estimates - Click to enlarge)
Natural Gas has been crushed this year, mainly due to weak demand and strong pressure by short sellers. On Thursday, the UNG (etf that tracks natural gas commodity) traded over 73,000,000 shares, on a day where inventories unexpectedly increased. Since it ended up positive on this type of volume and bad news, natural gas "seems" to have a short term bottom at $13.40.
Tune back tomorrow and I will give you a list of names!
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