ProShares UltraShort DJ-UBS Natural Gas (-2x) (KOLD)

[Dragonfart]

It's amazing how much ng crashed and keeps crashing, when will it stop?

[Dragonfart]

If you bet on kold in dec, you would have triple the money

[farooq]

5/26/22 1 for 4 reverse split.

[DH112]

When is the split or did it just happen 26th

[jablome]

up 6% have a wonderful day yall

[DarkPool]

Your not the only one ;)

[jablome]

back in 12.90

[jablome]

back in 12.90

[jablome]

450 at 14.06

[farooq]

Out of my long position @ 25.50.

[starkd748]

Weeee looking good getting near top though

[starkd748]

Weeeee
..Kold tza labu shirts winning this week

[tw0122]

$KOLD
1-Month High 17.01
Pivot Point 3rd Level Resistance 11.85
Pivot Point 2nd Level Resistance 11.23
Pivot Point 1st Resistance Point 10.83
High 10.61
Last 10.43
Previous Close 10.21
Pivot Point 1st Support Point 9.81
Low 9.59
Pivot Point 2nd Support Point 9.19
1-Month Low 9.06
52-Week Low 9.06
13-Week Low 9.06
Pivot Point 3rd Support Point 8.79

[jablome]

1k at 10.20

[farooq]

No change.

[farooq]

still on sell buy stop is 17.28 on closing basis.

[farooq]

still on sell buy stop is 18.81 on closing basis.

[DarkPool]

10-15. Taking a starter at 15. Will add any weakness.

[Antiochious]

Buy at these levels!

[farooq]

still on sell buy stop is 32.54 on closing basis.

[farooq]

Sold some long Position @ 43.00 so could buy back on pull back.

[farooq]

July Nymex natural gas (NGN22) on Wednesday closed down -0.594 (-6.39%).

Nat-gas prices Wednesday morning initially rallied to a new 13-3/4 year nearest-futures high but then plunged and closed sharply lower after a fire broke out at a Texas nat-gas export terminal. The fire at the Freeport LNG terminal, which receives about 2 bcf, or 2.5% of the output from the lower 48 U.S. states, could lead to a buildup in supplies as nat-gas exports are reduced because of the fire.

Nat-gas prices Wednesday initially climbed to a 13-3/4 year high on the outlook for hot U.S. temperatures to persist, which will boost nat-gas demand from electricity providers to power increased air-conditioning usage. Wednesday, the Commodity Weather Group said that above-normal temperatures are expected in the U.S. South, West, and parts of the Midwest at least through June 22.

Nat-gas prices have support after Russia recently said that foreign buyers of its gas would need to open special ruble and foreign currency accounts by the end of this month to buy Russian gas. Russia has already halted nat-gas shipments to Demark, Finland, Bulgaria, the Netherlands, and Poland for not paying for Russian gas in rubles.

Stronger U.S. nat-gas production is bearish for prices as BNEF data showed lower-48 dry gas production Wednesday at 95.4 bcf, up +3.2% y/y.

Strong foreign demand for U.S. nat-gas supplies is bullish for prices after BNEF data showed gas flows to U.S. export terminals Wednesday rose by +1.5% w/w to 13.0 bcf.

Weakness in U.S. domestic nat-gas demand is bearish for prices as BNEF data shows lower 48-state nat-gas demand Wednesday was 63.3 bcf, down -7.3% y/y.

An increase in U.S. electricity output is bullish for nat-gas demand from utility providers. The Edison Electric Institute reported Wednesday that total U.S. electricity output in the week ended June 4 rose +8.2% y/y to 80,794 GWh (gigawatt hours). Also, cumulative U.S. electricity output in the 52-week period ending June 4 rose +2.8% y/y to 4,096,496 GWh.

As a longer-term bullish factor, the ongoing drought in the U.S. West has drained rivers and reservoirs, with Lake Mead recently falling to a record low. That threatens to curb power produced by hydropower dams and will prompt electric utilities in the U.S. West to boost usage of nat-gas to increase electricity to satisfy power demand for air-conditioning this summer. The U.S. Energy Information Administration said last Wednesday that the drought could drive down generation at California's hydro dams between June and September to 7 million megawatt-hours, well below the 13 million megawatt-hour median for summer generation between 1980 and 2020.

The consensus is for Thursday's weekly EIA nat-gas inventories to climb by +97 bcf.

Last Thursday's weekly EIA report was bearish for nat-gas prices as it showed U.S. nat gas inventories rose +90 bcf to 1,902 bcf in the week ended May 27, above expectations of +87 bcf, although below the 5-year average for this time of year at +100 bcf. Inventories remain tight and are down -17.8% y/y and -15.1% below their 5-year average.

Baker Hughes reported last Friday that the number of active U.S. nat-gas drilling rigs in the week ended June 3 was unchanged at a 2-1/2 year high of 151 rigs. Active rigs have recovered sharply from the record low of 68 rigs posted in July 2020 (data since 1987).

[farooq]

Yes NGas is very bullish. KOLD is a good short after reverse split for 4 to 1.
I could be wrong so do your own D/D.

[Marketwise]

That is close to ten dollars or possibly higher in natural gas futures this week, IMO.

[Marketwise]

Natural gas is heading higher. Order in sub $4 in kold. It looks like we see ten dollars or more and likely this week. You exited long side a bit early but good luck in your short trade.

[tw0122]

Plenty of Natural Gas in markets now. EU Gives OK To Pay For Russian Gas In Rubles
By Julianne Geiger - May 20, 2022, 4:00 PM
Friday, Germany and Italy both told companies that they could open up rubles accounts in order to purchase Russian gas, in line with President Vladimir Putin’s request.

[farooq]

It is put to me, stock needs to cross 6.88 for bullish move. I am going to sell so 10 dollar strike calls for assigned shares on Monday or Tuesday.

[tw0122]

Finally out of $BOIL and to the dark side with $Kold for a quick trade.

[farooq]

Sold some common for profit and bought 9/10 spread for may and 6/13 for June.
Sold 9 $ puts to finance some calls spread. It will cost me 7.62 if they put to me, willing to take chance.

[farooq]

You are welcome.

[looking 4 a win]

Makes sense, thanks for the reply I really appreciate it!

[farooq]

Very simple gas price increase it drops. You need to figure will N.gas price will drop or increase. Due to unseasonal weather we still going through cold spells and on top of it due to our mindless administration we are in a war which we would not win and destroy our economy. Till Russian gas embargo is not lifted supplies will be short and it will not move much up. You could still trade it but trend is down.
Good luck and happy trading.
Farooq

[looking 4 a win]

Sorry, I don’t have any experience in these type of plays. Years ago I traded UWTI then it disappeared and I haven’t done anything since.

[DarkPool]

Lol really

[looking 4 a win]

I’m confused, is this ticker going away or just seasonal drop?

[DarkPool]

That’s how ya do it

[DarkPool]

Chugga chugga. Cover

[DarkPool]

Some gifts under 7. Pay close attention to demand in china is waning. Moving to coal fyi! Moving into warmer months. Matter of time before Ukraine makes a deal to remain neutral. All these lives are not worth membership to the most crooked regime on planet earth. NATO!

[DarkPool]

Added 1000@7.2

[DarkPool]

Took a starter premarket.

[DarkPool]

Aweeeeeee. Sure you sold for that loss.

[tw0122]

Added KOLD for Monday play

[tw0122]

Back in here today in $9.30s. Russia starting to get paid by Europe for nat gas in rubles. China and India buying up all the cheaper nat gas from Russia. Industry slowing down as energy costs rise. So many headwinds.

[roadkilll]

And over $10 today.
Panic prices for natural gas when there is no shortage never made sense to me. Jumped in when nat gas peaked over $6. Smelled like and Enron II game being played on utilities. Normal storage levels and a winter that is expected to be 10 to 30 degrees warmer according the the last update from NOAA as it follows the strong El Nina that developed this fall.

Nat gas contracts for March could be sub the $3 that you see in a normal winter.

[tw0122]

Out of Friday's 6.75 afterhours at $7.53 premarket today

[tw0122]

Starting to get WARM in here

[Ticklush]

Uh oh Chongo 50 dma $KOLD BLOODED! $KOLD CHART

[CashFreeze]

Hello dude. I remember you really knowing NG. What do you think of this weeks action ?

[dude iligence]

Largest Contango Gap up I can ever remember seeing Oct $2.20 to $2.82 33% Nov on finviz chart tonight, day before stockcharts rolled NG was $1.8. Big mover coming for leveraged short when the contango unwinds. Any closing of the gap KOLD gains 2x Boil loses 2x. Too Bad DGAZ is gone.




https://finviz.com/futures_charts.ashx?t=NG&p=m5

[RJ Trotts]

I added some on this dip. Best to all here.