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Re: None

Wednesday, 10/19/2016 10:52:11 AM

Wednesday, October 19, 2016 10:52:11 AM

Post# of 25303
.26 contango is area of concern

NGX16 (Nov '16) 3.169 -0.094 3.260 3.261 3.144 3.263 69,936 09:25
NGZ16 (Dec '16) 3.435

http://www.barchart.com/commodityfutures/Natural_Gas_Futures/NG

contract rolls on 10/27. If NG is going sideways that .26 contango will result in a bleed on UGAZ and gain for DGAZ. Usually starts 2-3 days before contract expiration.

http://www.barchart.com/futures/expirations.php


In addition stockcharts will roll $natgas to the new month (based on vol decreasing on frt month Nov and increasing fwd month Dec) This will happen before the contract roll next Thursday
Nov


Dec


$natgas



UGAZ