United States Natural Gas Fund LP (UNG)

[jablome]

lets try 500 at 18.70

[Golden Cross]

Scaling back in here

[Doubledown75]

Yea I got out in the green been holding and buying for 7 or 8 years and rode the 1:4 RS. Just glad to be out. This product has heavy contango. Goodluck

[DrD]

$UNG now over $30, a new multi-year high

$UNG is just one fund from USCF.
https://www.uscfinvestments.com/ung

USCF is one of several subsidiary companies of $MGLD
https://themarygoldcompanies.com/subsidiary-companies/

.

[Doubledown75]

Yea got lucky. Kept renewing a GTC for past couple years for $30. Tough hold. I like natty gas and think it goes higher

[4Godnwv]

You got out at a good time. Down almost 9% as I post this.

I bot today at what I hope is a good point. Been flipping this thing repeatedly.

[Doubledown75]

Thanks
Ya was buying in 2013 and kept buying for years:)
Even held thru a 1:4 split and kept buying lol

[4Godnwv]

8 years? I didn't know this thing had even been around that long! Anyway, congrats on the profit. That’s why we’re here.

[Doubledown75]

OMG I got out lol
8 years of buying and a split lol
With profit
Thanks to the natty gas Gods:)

[Doubledown75]

https://www.arkansasbusiness.com/article/139784/as-natural-gas-prices-hit-14-year-high-shale-awaits

[Doubledown75]

Yes good read
“US natural gas market from “structural surplus”, a condition that has now existed for well over 15 years, to “structural deficit”. Almost immediately”
Best statement for natty
Nice find man

[4Godnwv]

The Global Natural Gas Crisis is coming to North America
04/ 21/ 2022

http://blog.gorozen.com/blog/the-global-natural-gas-crisis-is-coming-to-north-america

[Doubledown75]

https://simplemedia.space/2022/04/14/eu-readying-russian-oil-embargo-media-rt-world-news/

[4Godnwv]

Ha, nothing goes straight up forever. Just a little RE-set. I flip this stuff constantly. Playing BNO and UGA today.

[Doubledown75]

Who farted?

[4Godnwv]

Hardly, I’m just 4 God :)

[Doubledown75]

But your God lol
Please tell me Lord haha

[4Godnwv]

That question is beyond my pay grade. Possibly 2023?

[Doubledown75]

When $30?

[4Godnwv]

Yup - UNG is killing it.

[Doubledown75]

Going to get expensive running that AC unit this summer

[Doubledown75]

That’s some bullshit right there

[Doubledown75]

Could go over $30

[4Godnwv]

Pretty good volume too

[$Green$]

Greatest economic recovery ever

[Doubledown75]

It goes up with the usd I guess

[$Green$]

I know right! Haha

[Doubledown75]

What in the hell lol

[Doubledown75]

Possibly end of month but I don’t know. If you watched UNG and compared it to TVIX throughout the years, you notice some striking similarities. Theoretically I think UNG could spike just like a volatility product. Chart a 10 year chart of UNG and chart a 10 year chart of SPY.

[$Green$]

Is we trading doge coin or natty?

[No-Quarter]

I am holding BOIL for the same reason/hope.

When does the futures contracts contango need to unwind?

[Doubledown75]

Contango is going to backfire soon. UNG could go way up, no joke

[$Green$]

It is becoming more probable that we are about to see one of the most epic NG runs of all time

[4Godnwv]

UNG and UGA have both been winners this year.

[Doubledown75]

99 type spike

[bbr391]

Could be time for CONTAGO to work in Our favour .
Nowt Is Guaranteed though .

Best of

[Doubledown75]

Inflationary spiral
Could double from here

[4Godnwv]

Man, I completely missed this nice run over the last 90 days - have had my pennies tied up in other stocks - hope I can get a good entry this fall -

[sokol]

Agreed

[4Godnwv]

It got down to 8.22 last Dec, but really anything below 9 would be pretty cheap, imo

[sokol]

It may be worth going long near the end of the week or first of next week. Maybe buying some between 8.79 and 8.50?

[sokol]

Yes, I made a small profit off of a few shares. So, over all I have made some decent money the last few months. I have been distracted the last few days, and I have not had the time, but I will give it some study.

[4Godnwv]

You make anything on that little run over the last couple weeks? She comes down fast!

[4Godnwv]

Watching. Might take a small position at 9.00, but I’m not sure I wanna own this thing in the spring.

[sokol]

May be a time to buy UNG again this morning.

[4Godnwv]

I played UNG & UGA last year and did well with both. UGA has been on a run since the election. I’ll be watching. GT’s

[sokol]

Good for you. I think that there will be another opportunity for you to enter again (I am just not sure when) for a good move up. It is not reacting the way I thought, but I will continue to watch it to try to enter at some point.

[4Godnwv]

Took my very small profit this morning -

[sokol]

You may be ok. We will see. It may not go below 10. If selling exhaustion occurs the end of the week as I expect, we should see higher prices for the next week or so.

[4Godnwv]

Hoping I didn’t jump the gun. Thinking Friday was the bounce point.