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Volatility is good!
Eventually when winter arrives. Meantime, NG has a date with low 2.70/2.65 scheduled!
Based on historical (seasonally-adjusted) and implied volatility, there is a 68% chance that natural gas price will trade in the range between $2.75 and $3.00 per MMBtu over the next five trading sessions. A narrower, statistically adjusted range is $2.79-2.96 per MMBtu.
Agree, thinking NG runs to 2.93/2.95 today..Then back down to 2.87 Monday. but all weather ensemble related on Monday!
Here's the 4 hr. Still looking bullish to me.. getting ready to cross the Mid Bollie line...
GLTU
Nice Job Acrazjo!
Market plunge protection team hard at work...It will never ever go down again. When it does. There will be plenty of pain!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hoping we dip in the PM to UGAZ 10.15 then back up to 10.40/.60...
We shall see.
Sold UGAZ 10.44/ from 9.64 Avg... Looking to start tomorrow all in cash!
Yepper I start selling at 2.97...
Wow what a ride... DGAZ went up/down 2 bucks. I did not play it just saying.
Still holding UGAZ thinking of selling here to try cheaper tomorrow...But she just wont stop!
REport was bullish! They took it down to spook folks now they run it today and tomorrow me thinks!
Herb contango next week will hurt UGAZ. Im looking to sell the top next week. NG 3.0/3.06.....
I think UGAZ will be back here again before winter run!
MHO
I think NG is going to 3.0 When I dont know. But that is my plan....Does she come back down to 2.80 possibly! highly doubt it!
Everyone should play their own rational. Post on board should be for learning and references only!
The question is so you think NG 2.77 is bottom for now. IF so she is a buy and hold with my margins@
hmmm IM holding a large pile at 9.65 this could take off. Have small powder just in case she goes down~
GLTU
I learned from folks on this board... WZ, CC, MY, etc there is a sticky i put up there that explains NG contango!
Sold my 9.60 at 9.73 here comes lod! 9.45~
I wish I knew! Could be before or after!
We roll into Dec contracts on 10/26
https://www.investing.com/commodities/natural-gas-contracts?&page=optqte&sym=NGX17&name=Natural%20Gas
Thats why we load in phases! Cause no one can predict bottom even with indicator.. We should be close!
They may try to poke the old bottom 9.49...Im waiting for it.. she could go to 9.20 area...Not feeling that though!
Not bad, selling into spike next week at 10.50 / 11.00 is recommended. Just before contango!
Capital preservation is the biggest part of this game. Alone with patience!
Agree!
Yup you should be good not going much lower...for now~
We sold D too soon should had held my 24.10 - dang it 4 dollars!
oh well was going to buy her this morning I knew they were taking NG down.
Loading U gradually!
GLTA
Possible hoping for a bounce maybe tomorrow into Monday back up to NG 2.98/3.02 some where. Im bailing then.
buying 9.60 a bit
shorted u at 10.0 covered at 9.82
Agree, NG need to come down. Expecting down side pressure before with small pop on bullish report then more down side pressure.
Not me waiting till that gap or lower gets filled!
Based on historical (seasonally-adjusted) and implied volatility, there is a 68% chance that natural gas price will trade in the range between $2.72 and $2.99 per MMBtu over the next five trading sessions. A narrower, statistically adjusted range is $2.77-2.94 per MMBtu.