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Gotta follow the big money!
http://www.splithistory.com/?symbol=UGAZ This is when the price was high
I think DGAZ went as low as 3.70 ~ when CS reverse split on 3/16/17 .
I dont think a RS is in order for UGAZ should bounce from 8 to 9.50 area!
That dude has been wrong 4 weeks in a row. Soon he'll get it right. Be careful the pops are being sold!
This Weeks COT
12 banks increased their short position and decreased their long position last week!
Open interest decreased last week.
Commercials still favor short position
Speculators still have largely sided long positions.
Summary: More down side is in the near future for NG.
Monthly chart looks Horrific.
If price crosses under 2.50 all hell will brake loose.
Next stops 2.30, 2.12 2.00 OMG
Next Weeks CDD Projections are pitiful well below the average, Negative by far. I think we are about to get capitulation to the down side either this week or the next very long weekly candles are coming our way!
DGAS = 32 to 38?
sure glad I chicken out this morning geez!
NG has potential to go to 2.54... depends how they treat the late August into shoulder season. If they decide to take it down with shorts. 2.50 is highly likely. If we get warm weather last 2 weeks of August into September and they decide to squeeze short then up we go. No telling which path it will take
for sure sub 2.70
GLTU have a great day!
Very well, Good luck to you.
So what does your chart say again up or down for NG?
So what is the chart telling you?
Thanks but I trade the weather and the chart also. Weather says more down side and the chart is in a downward trend.
Weather trumps everything else!
I have been using it, with scalps. The issue here is when does the large short position start covering. This week (today/tomorrow) or do they press down to next week!
Sold the pop on dwt 27.70 waiting for low 26 or low 25. Think /cl hits +50 again!
Correct you have to make believe theres a large pile of money on the table stick your hand in real quickly and pull some out. That's how to make money right now.
depends on report Celsius says bullish NYC weather last week says bearish go figure!
sold 10.91 could go to 11.20 today with covering
Bought 10.52
DWT reversal?
Be smart don't do anything dumb out there!
Sold 10.75
It may, Know one really knows. You should be averaging you buys if you think it is going up. I bought 10.50/10.60 yesterday sold at 10.90 AM yesterday.
Im buying 10.30 today will flip if I get a nice opportunity. Bearish report will bring it down close to low of the week. As a matter of fact, I think they hold NG close to low of the week going into report. If they do that sub 2.70 is possible!
GLTU
Good to hear.
Ty sendme much appreciated. Although I was looking for a IBB/XBI double top scenario! We shall see
Seasonal gyration and negative medical drug/pharma news
Ya bought some 10.60's and 10.50's for a flip possibly after hours or tomorrow morning!
Depends on your point of view! LOL
I agree with article starting to scale in at eod or tomorrow. However the pop will be small and NG will revisit lows on report. Thursday will be the big day to load and hold for a more significant pop. NG 3.10 puts UGAZ at what 14.00~ I suppose have not done math!
I think 2.70 or lower is possible!
hmm sold and covered the rest.
Sold 1/2 of my D 29.58 and covered 1/2 of my U 10.65..
Think we go lower!
Nice job. Im holding little bit longer! sub 2.80 today!
You mean 2.8? if it does crack 2.70/2.75 then 2.50/2.60 is possible. Ugaz wont be close to rs area. Would love to buy UGAZ at 7/8 or 9 ride it to 24!
Im short. Long D and short U. will be selling both tomorrow at low. Buyers could come in at 2.80...
Theory-1
NG goes down up to and through report. With small pop maybe Wed. But NG will eventually touch 2.70 to 2.80. Possibly lower we are going to get a bear report very cool last week CDD are non-existent for last week.
NG pops the following week and continues to trade in 2.83 to 3.00 range till last week of August then she pops up to ~3.30/3.45 before shoulder season
Theory-2
NG goes down up to and through report could hit 2.63 then bounces hard the following week with warmer weather forecast.
We continue to run into September (Need to watch Contango EOSept) NG hits 3.30/3.45 before entering shoulder season then we chop around and come back down to 3.15 area before winter run!
GLTU
Wow! hoping all is well!