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Wow, it's a wild day already!
Man, where is everyone?
Wow NG trading range has gotten TIGHT!
Pop or drop, that's the question?
I obviously don't know what the report will bring but it was 50*F this weekend in Chicago and is supposed to be 50*F again tomorrow. Crazy weather for January!
I chart using ThinkorSwim. Current month is just "NG" or NG followed by the future name. To track March it is "NGH8"
If you don't use ThinkorSwim (it is through TD Ameritrade and is AWESOME. I created an account and didn't fund it just to use the platform) there are some other option in this DGAZ post (UGAZ's opposite): https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137894720
Read the prospectus: http://app.velocitysharesetns.com/files/prospectus/CS_Energy_PRICING_SUPPLEMENT_No__VLS_ETN-3_A40_long-form_1.PDF
PS-42 - PS-43 under the heading: Value of the S&P GSCI
DGAZ is currently following March Futures (H8) and you are probably looking at a Feb chart (G8)
You're welcome!
D and UGAZ are trading March futures and you may be looking at Feb. I dont remember exactly but I think they roll over 20% per day for 5 days starting the early in the month. Something like that. Most NG charts are still showing current month (Feb) until contract expiry date.
I would assume he meant RSI 30
NG has just touched that descending trend line.
Lets see what happens...
Oil (WTI) is at RSI ~72 on the weekly chart! Time to come down?
What an absolutely boring end to the day...
That was a solid CME close.
That would be nice!
I'm in UGAZ from $53.xx and waiting to switch to DGAZ when the time comes (as I'm sure many people are).
It may come soon but then again who knows.
Take a look at NG last December, very similar pattern with a slightly shifted time frame.
I'm at work, can someone post NG front months?
I thought NG was in backwardsization which would help UGAZ...
Thanks
Ha! I was thinking the same thing!
Well there wasn't a mass NG sell off today at CME close right before a long weekend. I'd say that bodes well for rising prices.
When you read that NG is up or down x% they are talking about CME closing price not the price at close of NYSE. Jan NG price is down relative to price at yesterday's NYSE close and so is UGAZ. UGAZ would be down split or not.
NG at 4pm EST yesterday was $2.713 currently $2.707 so NG is not up relative to yesterday's UGAZ closing price.
NG is up $.03 from yesterday's CME closing price at 2:30pm EST.
So you are suggesting that the price of NG just declined for the sake of making money on a RS of a 3x ETN?? That is hilarious!
UGAZ will for sure decline over time via decay.
But... UGAZ follows current contract NG prices. To suggest that "big boys" are going to influence the price of the globally traded commodity Natural Gas to make some money on a 3x ETN is absolutely ridiculous!
Thursday. Wednesday is WTI (oil).
If you want to see an accurate chart for short term trading, look a an actual natural gas chart (the commodity this is based on) not a UGAZ chart
Well, the cold weather is definitely here in the Midwest. Currently 37 and very windy in Chicago. Supposed to be a low of 27 Saturday. Big natural gas for heating market here.
Contango play with contract roll.
Ok found it: https://www.sec.gov/news/press-release/2017-68-0
I didn't know about this, very cool!
Thanks!
I'm trying to find info about this. Do you have a link? Thanks!
Unfortunately when it is hot in August we'll already be in September futures...
It WANTS to move up!
NG is right about long term support starting March 2016. Looking for a bounce.
What time do we hear the fed rate hike decision?
Where is the run-up/anticipation of driving season? Weird year...
Does anyone know if it is possible for the new interactive charts, powered by TradingView, to show pre and after market? Thanks!
3%? You do realize this move has been occuring for over a week. JNUG was just under $14. Gold movement does not = miner movement...
Looks like GDXJ is right back at the $32.80 again...