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Right mouse click the city of your choice and it provides a 7 day weather forecast.
https://nowcoast.noaa.gov/
That just out. See that make me uneasy holding UGAZ.. Especially going into Contango. Gotta a feeling Algos setting up the trader screwing of the year!
I think High 8.8X to 9.2 is coming for UGAZ. Im scalping it not holding till I see a change in WX! As you can see that does not look promising. I also think those WX site are all scams and I can prove it. But thats my opinion!
GLTU
Nice job. I bought D at 26 and sold at 26.35..
Sure glad I sold my UGAZ yesterday for a quick scalp...All cash and waiting for a bottom in UGAZ.....
As I've been saying NG 2.96 is a real possibility here folks...
NG 2.96 = DGAZ 28.6 and = UGAZ 8.90sh
MHO
GLTA
I think there;s another dip in NG tomorrow. You did very well!
negative, they are all to expensive and I have not tested any..
Important things to look for are.
Next day Spot price
Midday spot price
Contango rate
Weather.
Scouts honor I dont use any!
I dont know of a non pay for play site that provides that info!
ty as always left profit on table. "Play between the line and dont get caught off sides"
bot more 9.64
Sold 6k shares of D at 26.20 from 24.70 avg!
Started to buy U at 9.73
Edit - they actually shorted the Friday run. Now they sit and sell more until they get there price!
They pumped it up on Friday to short it Monday (2 weeks in a row). Im afraid they are not playing around this time. A gap fill is surely in play here!
GLTA
Storage report Wednesday this week.
https://www.investing.com/economic-calendar/
Usually, natural gas (GASL) (GASX) prices and the implied volatility of natural gas move in divergence. The graph above illustrates this relationship.
For example, on March 3, 2016, the implied volatility of natural gas spiked to 53.8%, while natural gas prices hit a 17-year low. Between March 3, 2016, and November 16, 2017, natural gas prices rose 86.3%, while the implied volatility of natural gas fell 18.2%.
Price forecast
In the next seven days, natural gas active futures could settle between $2.87 and $3.24 per MMBtu (million British thermal units). The probability of prices settling in this range is 68%. For this model, prices are assumed to be normally distributed, and an implied volatility of 44% is being used.
On November 16, 2017, natural gas active futures settled at $3.053 per MMBtu. Any further fall from this closing price could thus make natural gas prices fall below the $3 mark. Notably, the recent momentum has been negative, despite bullish inventory data.
Such a fall could negatively impact ETFs such as the United States Natural Gas Fund LP (UNG), the ProShares Ultra Bloomberg Natural Gas (BOIL), and the First Trust ISE-Revere Natural Gas ETF (FCG). These ETFs have direct exposure to natural gas futures.
Nice article TM thanks~
What is the basis of your opinion, winter run?
What if I tell you that if bulls/commercials don't start buying/hedging next week this supposedly winter run may not happen in November. Will need to wait to December and UGAZ 20 is a pipe dream. Folks should consider UGAZ 12/13 and 15 an act from congress/gift..
Anything is possible this is the most volatile commodity we are trading, but I dont see it.
MHO
Here's the reason why I think NG 3.05 Monday. Could be wrong you know what they say about opinions!
Enjoy your weekend!
Fundamental Analysis:
Technical Analysis:
GLTU Derek,
My only regret is that I sold all my UGAZ. Had a nice bag at 9.95...
If we get warm ensemble for next week they may drop NG back down to at least 3.05...Should put DGAZ at 25.50/.75 range!
thinking I found my weekend hold!
She needs to make a trip to 3.05/3.07
back in D 24.70
Sold 1/2 of D 25.61
Yup that's why is was important to get D at low today. Just in case it goes against me. Loss is minimized!
lol enjoy WR...