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WZ you buying more you or still holding old shares?
TIa
Gotta watch the 3.089 line bought more 21.63
Something not right here. Way more put contracts than Calls and they are taking her down. stay nimble
Bought D 21.90 crazy game we play eh? They are going to move this at end of day and AM..bastards like doing that chit!
Nice job good call!
Lotta 3.0 Puts. NG 2.94sh is in play!
Spot is up to 2.99 up .10
https://www.investing.com/commodities/natural-gas-contracts
Thanks CC I have that same pic in my NG word doc...
NG COT DATA:
Summary:
Open Interest Down
Commercial Short down a bit. Short delta 936,667 contracts.
Speculator Longs down a bit. Delta still heavily favors longs side.
Banks New data. Longs increased and shorts decreased.
Probably explains the NG run we had last week from 2.90 to 3.08..
My Opinion:
COT data is reactive not proactive one week after the fact. Although we are no longer looking at CDD and the RSI still has room to run. It would provide a perfect time to squeeze the hell out of all the shorts.
I sold my 22.35 @ 22.55 before market close. Still holding small lot @ 22.80sh. Im not buying another share of DGAZ until I see clear direction after report. If a squeeze occurs is going to be violent!
Here's another perspective with the Fibs:
This does not look good for tomorrow hope shorts dont get spooked with CDD..
https://truewx.com/energy/ecmwfens/
selling my 22.35's will buy them back at 22.10
Colder—But Not Colder Than Usual
This winter is forecast to be much colder than last year’s, but—just like last winter—not colder than usual. In fact, a large part of the northern United States will experience milder-than-average temperatures (though we would still recommend having your long underwear on-hand), while much of the South and West can expect to feel cooler than normal. Escaping this chill are Florida and the Southeast, where milder-than-usual temperatures will be felt.
wheres that midget when you need him Geez...
Have not gone long miners yet. Will wait till manana.
I usually sell just before report, then wait for direction after. thus I need to have some cash beginning of day!
Nice job...Im gonna wait till tomorrow she will be around here if not lower..rather be in cash starting the day! I have D at 22.80 and 22.35// waiting for tomorrow to load the rest!
Yepper she breeches that and we are in a pickle!
LOL ha ha.. ya like UVXY however it just seems to go down and down and down! who the heck knows where she turns.
DWT is the play...for tomorrow mucho dinero!
Gonna wait a bit
No bounce yet U has a gap at 13.20 to fill
Im still waiting for JNUG 21.34.. I trust the 61.8 fib...Should get here in short order. May put Gold around 1300sh... Who knows..
Once I load can someone call that POS in NK and give him the green light!
GLTA
Bought a tad at 22.80 then a bigger bag at 22.35. I think they are going to pin DGAZ in the low 22 until report. So for me is dead money today. Going cross town to play some miners or oil,
NG could go to 3.08/3.10 is she stays above 3..05
GLTA
Loading D in the low 22's shorting U in the low 13's
GLTA
I bought 22.80. finger on the trigger
Lets see how good these folks are.
"Volatility and Trading Range
Based on historical (seasonally-adjusted) and implied volatility, there is a 68% chance that natural gas price will trade in the range between $2.87 and $3.16 per MMBtu over the next five trading sessions.
A narrower, statistically adjusted range is $2.94-3.10 per MMBtu."
Good may go lower 22.40/22.50 NG 3.07 who knows!
Volatility and Trading Range
Based on historical (seasonally-adjusted) and implied volatility, there is a 68% chance that natural gas price will trade in the range between $2.82 and $3.10 per MMBtu over the next five trading sessions.
A narrower, statistically adjusted range is $2.88-3.04 per MMBtu.
Updated every weekday by 9 AM Eastern time.
These folks nailed it today!
https://bluegoldresearch.com/nymex-price
Whats your rational in regards to the evil J-twins!
TIA
From Celsius:
The EIA will release its weekly Natural Gas Storage Report for September 2-8 this Thursday at 10:30 AM EDT. I am projecting a preliminary +84 BCF natural gas storage injection. Such a build would be 21 BCF bearish versus the 5-year +63 BCF build and 26 BCF larger than last year's +58 BCF injection. Such an injection would be the second largest in the last 5 years, behind only 2014's +91 BCF build, as shown in the Figure to the right. Should a +84 BCF injection verify, natural gas inventories would rise to 3304 BCF while the storage surplus versus the 5-year average, after dropping as low as +8 BCF on August 25, would climb back up to +37 BCF after a second consecutive bearish build. It would be the first time we have seen consecutive bearish weekly injections since the two-week period ending April 28, 2017..
The mean population-weighted nationwide 7-day average temperature for the week was 73.2F, 0.4F cooler than last week and just below the long-term normal of 73.3F. On the supply side, natural gas production surged following temporary outages associated with Harvey and I expect it to average 73.5 BCF/day for the week of September 2-8, which would be a new 2017 high. Contributing to this recovery was the initiation of service of the Rover Natural Gas Pipeline which transported a total of 4.25 BCF of natural gas last week in its first week in service, still just a fraction of its 22 BCF/week capacity. Click HERE for daily Rover Pipeline supply data. On the demand side, LNG feedgas demand to Sabine Pass tallied just 4.2 BCF on the week, down over 8 BCF from the previous week, thanks to a shutdown of the shipping channel used by LNG tankers to access the facility, forcing the plant to restrict feedgas. On Wednesday evening, the LNG tanker Rioja Knutsen finally docked at the port on Wednesday evening, and feedgas demand finally rebounded on Thursday, jumping to 1.1 BCF/day, preluding a return to near the 60-day average of 1.8 BCF/day over the weekend. Nonetheless, between new supply entering via the Rover Pipeline and the sharp decline in LNG feedgas from the previous week, I calculate that supply/demand balance for September 2-8 loosened by an ugly 12.3 BCF between these two variables alone, contributing to the large injection.
Following Weeks report:
Nonetheless, the damage will have already been done during the first portion of the week and I am projecting a +80 BCF weekly storage injection for the week of September 9-15, 7 BCF bearish versus the 5-year average and the third consecutive bearish storage injection. Such an injection would be the 3rd largest injection in the last 5 years, ahead of +93 BCF and +92 BCF builds in 2014 and 2015, respectively. It would also be the 9th most bearish injection in the full 23 year period for which EIA storage data is available. Should it verify, natural gas inventories would rise to 3384 BCF while the storage surplus versus the 5-year average would rise to +44 BCF and the year-over-year deficit would continue its steep descent, falling to -159 BCF. The EIA will release its official injection numbers for this week on September 21 at 10:30 AM EDT. Click HERE for full details on this week's storage projection.
Im confident that NG will go up tomorrow that I want to buy U right here 12.32.. The issue is that I would break one of my rules of trading NG on thursday. Which is to be in cash so I can trade in and out as many times as I wish. If I buy right now will only have one trade after the sell!
cockpit error! Buying D close to 23 manana!
Edit D 25/26
On the report and Friday I expect U in the 25/26 jmo
Sold D 23.79. Think it goes to 23 tomorrow again will buy again!
She may go back there before days over!