Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Im in UGAZ small position in both long account and scalping account. Not selling yet!
NGZ7 Dec contracts closed at 2.964 on Friday. Currently 2.954
COT REPORT:
Summary:
Note this data is from prior to Tuesday 10/24/17. Chances are that short position has increased and long position decreased since then.
Open Interest: up 18k contracts
Commercial and Swap Dealers: still on short side by almost 1 million contracts
Large Speculators: Still on long side by 931K contracts.
Not much has changed since June when I started following COT data. More side-wide to down action until cold wx shows up.
Current Storage levels:
WX Nov Forecast:
Charts:
4HR: OVERSOLD
5HR: OVERSOLD
DAILY- Could turn up or go down a bit more.
GLTA
NGZ may go down to 2.88/2.90 Monday/Tuesday. Will bounce to 200 MA 3.02 Wednesday. Then back down to 2.90...
MHO..
Worlds Series is must see TV....
Pressure on Astros for tonight! They lose they are done!
ugaz in the 4 area!
I think is going sub 2.40. The question is when. 2 options before winter run or after winter run!
Dodgers better win tonight cause Verlander pitches tomorrow.
NG will be up and down at least one more time before she does winter run. Cold weather in Dec.
The UGAZ Ask ratio is 3 to 1 to the bid and most orders are being executed on bid. Who i selling/shorting the heck out of UGAZ and why?
Glad I reduced my U holdings! I think the new trading channel for UGAS will be 8.50 to 10.00 or 8.00 to 10.00....if/once it goes down more on Monday!
Go Dodgers. You folks are about to learn why the American league is the best!
Enjoy the Weekend Dollar!
lol I just sold 1/2 of my holdings. only holding a 1/4 in long account. Not too comfortable with possible warm ensembles and bearish report coming up next week. Want a bounce in UGAZ but I think Z 3.0/3.2 is top for next week. Then back down...
Trading NG has become more difficult than brain surgery! Trump wants all trader back in the job market! lol
I sold D today yes. have not scalp today! waiting to see what Monday brings. Could get UGAZ at 8.50 or 9.50 okay with both!
Double bottom printing almost on Nov NGX contract. Does it hold? I think today it does hold. I'm not to sure it will hold Monday! However I dont have the nerves to buy DGAZ here either. So im long 1/2 a position waiting for Monday to see what I'm going to do with other half.
This is pretty much dead money trading today.
GLTA
5 and 15 min overbought she may test todays low 9.05sh once market opens. then is scalping time!
NG option NOV contracts expire yesterday according to Investing.com . However I see that they are still trading so today is last day for X contracts to trade. Monday we start trading Dec (NGZ)contracts which is currently trading at 2.96sh
You need to watch volume on Front month and back month and cash. To see the direction/timing of the roll into new contract. The best way to play contango if it is tangible is to buy DGAZ 4/5 days out before expiry. e.g. Dgaz at <24.5 and under last week was the buy. That s 5.00 dollar gain.
Roll is occurring before our eyes. Bulk of it happen yesterday and today.
building a position in my long account. if she goes to 8's I buy more. Thinking 8.50 is low for this wave! who knows!
Sold DGAZ at 29.15 from 26.60 avg....Bought some UGAZ at 9.13
Thanks Money!
I agree with those #'s, However I started using 2.6 as the multiplier instead of 3.
I'm reading a lot of data that thinks dependent on WX we could be headed lower with NG to 2.40 or lower before moving up late December for a 50/70% move upward then back down.
Reasons:
1-Fracking technology easy to mind NG.
2-Over abundance of NG in ground.
3-Warm winter Wx patterns.
4-US wants to compete globally with LNG requires cost effective NG pricing.
They are referencing a winter 2012/2015 type of NG pricing action.
2015 Chart:
2012 Chart:
More interesting Data:
Every time NG gets above 3.0 they sell the heck out of it. Due to weak demand and over abundance.
Today EIA Report Data:
Sorry WZ, Having IHUB mail issues.
I suppose 2.95/3.0 is attainable. Although I think eventually Z contract will hit 2.85/2.90. Possibly with warm weather ensembles coming up. However, Celsius just updated their projection to be very bullish in the coming weeks.
Go figure!
scalping sold the 26.85 from scalping account holding long 26.60 buying more if required.
scalp buying 26.60 or lower!
MHO
DGAZ is headed to 26.44 then she bounces. If she does not. Then we are in a pickle!
GLTU strange trading power struggle. Looking for D28.50 plus tomorrow! but who the heck knows
Bought DGAZ 26.80...if goes lower will buy more!
Edit 1180 shares:
Stuck in scalping account with 180 shares at U 10.26 holding that!
Thinking they pop NG on report. Looking to load DGAZ then and hold till Monday! Not looking to buy anymore UGAZ till late Monday or Tuesday.
Stuck in scalping account with 180 shares at U 10.26 holding that!
Dollar, Dodgers remind me of the 90's Yankees....