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.
Vix up 3.3%, s&p down 12, DXY about to break 98and USDJPY 112.63. Gold busted through 1241 now at 1243. Silver gonna break $17 overnight. And we have a major gapper in JNUG tomorrow a.m.!!!
Man I like the looks of the market right now!!!
Nice to see some action here!
Hold!
If gold hits $1241 watch it take off. Bringing with it all of these derivatives....
I'm holding.
Best part of today? No T-trade!!!
You might get a couple of pennies out of D but not much. Henry Hub and NatGas closed even. Warm weather in the I-95 corridor area (90's).... I expect a bounce to 3.28 75% for sure. Will not go sub $3.21.
Sorry for the delay... busy days playing outside.
The way I see it now, I expect a rebound to 3.28. RSI is too low, needs to reset. 3.21 is 50% retrace from the run $3 - 3.42.... so I was expecting it to stall there and that's where I sold my short.
Tempted to take a small position long.....
Risky, though. If tonight's inventory forecast comes out bearish, oil could drag NatGas down further.
Think I'll stay on the sidelines. Gold about to breakout!
All the best!
I sold as well, I think 3.21's gonna be hard to break. On the sidelines for now til I see a clear direction. Not ready to go long.... yet.
Hold on to those calls, you're in for a hell of a ride! Multi-bagger, if you're patient enough!
Have a great day!
I try not to think, I try to go on fundamentals or technicals... don't always succeed, though....
And I haven't looked beyond $3.24. Wasn't expecting it to drop this fast. I guess next level is $3.21 (50% retrace of $3.00 - $3.425)
Gold though. Break 1241and I think we have liftoff. The kind if day where NUGT and JNUG go + 30%! And silver as well!
28 just broke, next stop 24
Q1 fins out on OTCmarkets.com
Here's what I'm thinking:
NatGas went on a decent run, moved from $3 on April 20 to 3.43 last week. Needs to retrace.
NatGas goes from Heating degree days to cooling degree days influence on May 19. The weather is cooler than predicted and El Nino is nowhere to be seen.
US lower 48 production jumped to 72 bcf/d this weekend from 69 last week.
Seasonality points south.
More storage available than last year.
ERCOT using renewables more than ever, Cali and the west will be powered by Hydro...
Could go on and on....
I think bearish for now, even with bullish reports. Although week ending May 19, i'm thinking we see an inventory build of mid 70 bcf.... not quite bullish for natgas...
Alright! Here goes!
June NatGas contract is trading 3.35$
July is now trading at 3.43$
( https://www.investing.com/commodities/natural-gas-contracts)
3.43 divided by 3.35 gives you 1.024. So, NatGas contango decay will be 2.4% when June futures contracts expire May 25. UGAZ and DGAZ are 3x leveraged, so 2.4 x 3 = 7.2% contango decay.
Soo....next week, when NatGas traded at.... say 3.35, UGAZ will potentially be 7.2% lower than what it's trading now at the same natgas price. DGAZ will be trading potentially 7.2% higher......
Sounds ok?
Lol!!!! 3.341 then bounce.... still holding NG shorts, I believe we see sub 3.30 soon (today or tomorrow). Not a convincing bounce here. Not at this time of day....
Break 3.34 we see 3.28.
GUTA, i'll post my math later. Kinda busy now...
Gonna be fun. Structure and membrane. Don't get to build much anymore!
No target for me. Going step by step, level to level. Move north is just starting.... so still no target yet. But.... $17 USLV would be good for me. We hit that level both in March and in April.
Ouch!!! I've been told that those hurt! Hope you're doing ok. Not good timing in your line of work..... but is there good timing to get sick?
Take care, sir. I'll be doing your work later today, replacing a roof.
Silver now at $16.63. If I were short I'd definetely cover! USLV at 12.10 up 3.15% pre market!
Add to that 6.3% contango... won't hit before next week or the one after but still...
Any guesses where this opens Monday? Sure glad I bought in Friday, though....
Looking for $3.25, for starters....
Agree with you. They need to reverse split to uplist. That after hour PR Friday was just that. Expecting the 14c to be filed this week now.
Shareholders aren't screwed. But, as is often seen on the OTC's, shareholders risk losing a couple of $.
Especially now that Moonshine isn't pumping this ticker anymore...
Best of luck!
FOREX is indicating a gold gapper on open!
Lol!!! Wasn't the tequila that made you sick. It was the water! Water used to make the ice cubes! Tequila's the perfect drink!!!
The first one is old, forget when. But the second one was generated somewheres around 1/23/2017 (date somewhere on there).
Ah man!!!!!
Screw this, I'm going to McD's. Hungry and too lazy to make anything today.....
Good plan! I haven't checked the schedule but isn't next Wednesday contract expiry? Third Wedns of the month. Could get wild between now and then!
Lol!!! Bought same, but on the Canadian side. 9.48 HND's. Weather system holding NG up ATM. Once that passes, I think we go down 3.32 and under. Seasonal chart suggests same.
Bidding D 17.50
You've got it spot on, I think.
But there are other factors at work also.
You've got the 5 year avg;
You've got same week last year;
but...
You've got working storage capacity remaining as well;
You've got inventory at end of injection/draw season also
El nino/La Niña also affect...
Force Majeure doesn't reply much but he does sometimes. Send him a message, either directly on the Celcius or on Seeking Alpha.. maybe he can explain.
On twitter, @Petermarrin is a good gauge of all this data.
Oh.... Rover at this point is also a factor. Stage 1 in production for July (ahem...) and completed for Feb-April 2018. Look at the NatGas futures curve.....
JNUG 18.40 earlier this morning. If I sell some today I'll be buying a little Dgaz....
Great day!
Good job!!! 30+? We'll see. I won't be around til then. I never catch the exact bottom nor top. But I'll jump out when I see a better chance of making $. JNUG about to break $18 now!
At this point in time this is the best place to put money, even now. Gold seems set to break 1250 within a couple of days. JNUG will keep chugging til then
Just saying....
ETP says U.S. drilling ban unlikely to delay Ohio gas pipeline
http://mobile.reuters.com/article/idUSKBN1872TP
See the target price tho?
Don't know... but they've been pretty good in their calls...
https://www.americanbulls.com/m/SignalPage.aspx?lang=en&Ticker=ONOV
Example of contango....
This referred post.... I calculated $3.40 NatGas giving UGAZ $24. Lucky if we get $22.50 now...
American Bulls buy alert for ONOV yesterday. @Kirstenflips and many others retweeted....
NG COT.
Although the futures curve followed, $3.68 for Jan 18 contract....