United States Natural Gas Fund LP (UNG)

[Swany]

UNG does have contango

[medic11]

I think UNG is OK. I don't think there's decay with this one. It's an ETF, not an ETN. Right?

[rteest]

What is a good stock to go long on for natural gas with no negative side affects?

[SIIX]

longed some 8.44's today

[jones99]

On Friday, $UNG lost critical Support at 9.33 plunging into the abyss! $DGAZ

[MJ moneymaker]

You can stay short as long as you like. I've never been able to short the "D" ETNs though. Td ameritrade never has shares to borrow. They always have UGAZ and UWTI though.

[Investorr]

If I go short on $Dgaz, How long do I have to cover? Can I stay short all winter or do I have a certain timeframe to cover?

[MJ moneymaker]

**My trading plan for NG winter 2015** involves UNG and UGAZ. UNG is not leveraged so it does not suffer from geometric decay. It does suffer from contango and backwardation.

UGAZ rolls into the January contract starting this Friday and is completely into January contract by the 13 of November. UNG contract roll December-->January starts on November 16 and finishes on the 19th (4 day roll starting 2 weeks before December contract expiry).

To avoid contango in both, I will wait to buy until each are fully in the January contract since Feb. contract is trading about the same and there is much less contango than there was going November-->Dec.

I will put 1/2 my money designated for natgas trade in UNG for a ~2 month hold starting around November 20 and complete loading UNG by end of November.

I will cover my UGAZ short sometime next week (after UGAZ rolls into January). I will put 25% of my NG money into a core UGAZ position starting either 2nd or 3rd week of November depending on price action and swing trade the other 25%, sometimes hedging using DGAZ or shorting UGAZ in order to capture more gains.

I will keep an additional 25% to supplement my swing trade in case I need to average down and also do the same with UNG core. (so normally I'll have 100% of NG money invested and if there is a surprise drop I'll put another 50% in, half into UNG and half into the swing trade to average down).

That is my plan.

Happy trading and good luck to everyone. Let's make some money!

[$UPERMAN]

Propane selling for .50 to $1.00 gallon now. whoa!!

[Jld3294]

I'm watching. But not sure or confident in buying Nat gas. A warm winter might take it to a $1.50. Which would make UNG about $5

[$UPERMAN]

Anyone still watching or playing this disaster?

[temp luvs amy]

I'm liking the export numbers. I think it's really cheap. BTU cost is extremely low. You're buying electricity at 3.4 cents a KwH plus generation and storage cost. Futures contango seems a bit pricey.

[Timothy Smith]

The lower supply in storage was bullish this last week. Typically seasonality has a good affect on prices assuming strong demand in winter. Keep in mind El Niño is suggesting warmer weather though. Will post more DD soon.

[Jld3294]

Would you say there's a considerably small chance that Nat Gas goes from $2.70 to $2 during the WINTER?

I think UNG has a considerable risk reward here going into fall

[Timothy Smith]

I think the proposition is strong.

[Future Millionaire]

Was thinking to load up for that too... Setting exp dates out far

[Timothy Smith]

Winter is coming..

[Future Millionaire]

Damn I think it's found its bottom though...

[Timothy Smith]

EIA Natural Gas Inventory: +94 Bcf vs. +88 Bcf expected, +69 Bcf last week.

Futures +0.62% to $2.665

[Timothy Smith]

Not a bad idea.

[Future Millionaire]

Grabbing puts here on tmrw.

[Timothy Smith]

EIA Natural Gas Inventory: +69 Bcf vs. +59 Bcf expected, +53 Bcf last week.
• Futures -1.92% to $2.651
• ETFs: UNG, DGAZ, UGAZ, BOIL, GAZ, KOLD, UNL, DCNG

[Timothy Smith]

EIA Natural Gas Inventory: +53 Bcf vs. +58 Bcf expected, +65 Bcf last week.

Futures +1.5% to $2.758

[temp luvs amy]

I am storing the energy long term at 4 cents a KwH, by my calcs.

Trade some on the pops to cover contango.

YMMV

[lmajowka]

No Natural Gas Positions. Stay Out Of The Market $UNG Link

[Future Millionaire]

Appreciate it

[Timothy Smith]

May not be a bad idea

[Future Millionaire]

I'm grabbing puts bro!!

[Timothy Smith]

EIA Natural Gas Inventory: +65 Bcf vs. +55 Bcf expected, +32 Bcf last week.

Futures -2.8% to $2.848

[Timothy Smith]

I'll post details on when / where to find it in the future.

[Timothy Smith]

Research suggesting bullish gas market here till winter.

[temp luvs amy]

Found the release.

http://www.investing.com/news/economic-indicators/u.s.-natural-gas-storage-32b-vs.-42b-forecast-354816

So only 32 Bcf. Predicted 42, and last year was 52.

Exporting is a go?

Current price is near 4 cents a KW, my estimate.

Any better mathematicians out there?

(My hedge is based on the price of electricity)

[temp luvs amy]

Turns out they release that on Thursday, and Crude release is on Wednesday. D'oh.

Here we go. UNG to da moon!

[temp luvs amy]

So, anyway, this is going to be what rockets the price higher when we get a cold snap.

http://www.forbes.com/sites/drillinginfo/2015/08/03/u-s-natural-gas-exports-to-mexico-taking-off/

[temp luvs amy]

Do they release that on Tuesday at 10:30, like crude inventories? Is this week done yet?

I can't find the PR. CNBC did the crude inventory about a minute too late to take advantage of it. Lamers.

[Timothy Smith]

EIA Natural Gas Inventory: +52 Bcf vs. +54 Bcf expected, +61 Bcf last week.

Futures -1.6% to $2.819

Timothy Smith

[temp luvs amy]

The way my news services work, I'll be lucky if I get the report by next week. Didn't the API crude inventory come out about a half hour ago?

[Future Millionaire]

Should see tmrw

[Timothy Smith]

Very possible IMO

[Future Millionaire]

Should get me to that 13.50 strike!

[Timothy Smith]

EIA Natural Gas Inventory: +99 Bcf vs. +95 Bcf expected, +91 Bcf last week.

Futures -1.11% to $2.885

[Future Millionaire]

Looking for bloated inventory numbers tmrw here! Holding 28 puts @ .25 13.50 exp 31

[Future Millionaire]

Like clockwork! I love this stock. The chart is predictable, not as volitale as others and an ATM!! $13.50 wya baby

[Future Millionaire]

BOT 28 UNG puts 13.50 strike exp. 7/31

[Future Millionaire]

I bought some calls with 13.50 strike. 28th exp

[Timothy Smith]

Jefferies released a bullish outlook on natural gas forecast.

[Future Millionaire]

Grabbed some 13.50 calls this morning

[Future Millionaire]

Grabbed 25 13.50 calls exp 24th

[Timothy Smith]

Demand may be strong this summer. Inventories coming down.

[Future Millionaire]

I need to check it out more bro. Appreciate the heads up...