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Add to that a surprise or two.... Cheniere's LNG terminal ran out of boats, they're lining up in the Gulf of Mexico.... so less than the expected 2.3 Bcf/d being pumped. Production also higher than last week's sub 70 Bcf/d....
Who the hell knows. I'm happy letting it all sit there til I feel the time is right.
No thoughts on the report at all. Haven't even looked tbh. If I recall I said I'd be willing to hold a couple of weeks but with so little contango, i'm willing to wait it out.
Next week's report though... sheesh. 4 days into it and we're at 36 Bcf draw. Haven't checked the weather but we might be sub 100!
Weather is turning bullish. Both European and GEPS are showing cold normal weather for week 1-Feb. Not cold enough to spike NG to $3.70's but not warm enough to drop us into the low 3's. Yet...
News tomorrow!!!
"Exciting news announcement on tomorrow. Loving 2017"
https://t.co/FU4YL47ASi
No idea why spot's up but Citygate hub (NorthEast) is the Algonquin I was talking about earlier. They were under a severe ice storm today, power failured and downed lines. Not cold but just not cool weather. A month ago it was trading at $12 Mcf, now around $3....
That .01 increase today is irrelevant and bearish imo
http://www.naturalgasintel.com/data/data_products/daily?region_id=northeast
You misunderstand my point. I didn't follow through my idea....
Dec 2016 NG 3.994 low volume was followed by a massive dumo to $3.07. These moments of uncertainty often lead to violent moves...
As for today's candle. Call it what you will but it's bearish. The market tried to rise and it failed dropping back to open. Bearish
#natgas for the algo bots
for spot$DGAZ $UGAZ $UNG #NG_F #natgas spot jumped $0.10 cents from yesterday; closed at $3.25/mmbu. https://t.co/BStJsNW9d6
— Bluegold Trader (@bluegoldr) January 24, 2017
See the volume past 3 days? Similar to Dec 2016 when NG went up to $3.994. Uncertainty. Investors aren't taking chances. This patern's gonna break with a massive move North or a massive move South. Your guess where is as good as mine but odds are down, me thinks...
One thing I've noticed on Twitter is that there's this series of 50 -75 tweets that come out all at the same time,.every couple of hours. Like they want to screw with the algos. There was such a "pump" at 3 and one earlier this morning......
But I see no logical explanation for that sudden jump...
Then again, I don't get why spot jumped to $3.25 today now why NG_h isn't trading at $3.10...
Gold miners sold off, Japan devalued it's Yen. Besides, I think gold needed to retrace to cool off for the next leg up.
Flipped NUGT a couple of times in the past weeks but kept most of my position for the long haul.
I believe the markets are due for a correction, gold should break 1220
Today's candle : inverted Hammer or shooting star?
How was the trading today? Volume? Haven't watched one bit....
But before leaving I did set a sell for my D's at $4.80... just in case
Right there with you. Once GDX $25 gets broken we could move quickly to $30 where I expect a decent retrace.
I have a ICN*ish feeling something's about to explode. What did they mean by 47 states? Who would benthis wholesaler?
"47 State Wholesale and Distribution Contract in the works. This means more feet in the street more sales and more revenues."
https://mobile.twitter.com/i/web/status/823711863330455552
I think so as well. Algonquin NatGas hub (Northeast) was trading at more than $10 45 days ago now sub $3. Inventory report Feb 2 has (so far) 23Bcf draw.....
Best of luck!
Link was provided in previous post.
Selling my TNY holdings to buy more CRZ. Short term objective $5
Happy trades
I was tempted to sell pre market as well but continue to believe we'll be seeing DGAZ in the high $4's soon. If y'all have time to play this though it's quite lucrative. I for one have no intention of siding in front of the computer all day watxhing the RSI. Mildest winter here in ages!!!! Too much to do!
School's out here today. Ice storm then close to a foot of snow!!!
Happy trades!!!
Trump has mentionned that the USD is too strong, he wants to see it lower.
$11.22 after hours btw...
Wait til the 6 figure promo starts hitting
I'll take all there is
Avg 4 so doing fine, thanks. But it does need to retrace before next leg. Might not hit 8 with the interest here but I do expect to see a dip to 9-10.
It's still going up. GDX (on which NUGT is based) broke through a major resistance today. Next stop $25 (NUGT $16)
Haven't bought nor sold. Seen the contango, though? Good for the D.
Seen gold though? NUGT past $11!
Sold out at 13. Gonna reload in the trips tomorrow. Bidding 8 (for now)
Just starting. I got an email. Good things on the way.
https://equity.guru/2017/01/23/cannaroyalty-crz-c-destined-to-produce-the-first-national-weed-brands/
Could go either way with this volume
Falling asleep now, though...
Two days into next Thursday's report and only 9 Bcf drawn from storage so far. Today looks like a single digit draw as well, looking like a sub 100 Bcf draw!
HAON gonna be a hell of a week here! Best of luck to all and Happy Trades!
HAON gonna be a hell of a week here! Best of luck to all and Happy Trades!
Great analogy. Me, being in Canada, those things have been totally illegal since 1981. I've had to buy them for 4$ a pack of Black Cats or risk jail time smuggling them across the border..... so, i'd light the short fuse.
Especially with expiry this week and warm weather all over, I find it hard to believe that holders of Feb cobtracts will pay to roll into March. I expect them to sell and hope to buy lower next week. Last week's COT report showed that beginning with open items down 20k contracts...fwiw...
Wouldn't be surprised to see a selloff into the low 3's NG. G contract should see 3.07 - $3.02 trading before expiry.
Check out the blowtorch:
Smart move, looks like she wants to move. Ng $3.244 now, D at $4.04. Gonna go get some coffee!!!
Nice job! Sounds positive indeed! Pretty much saying ti expect news as well!!!!
Gap up tomorrow AM then dip. I'll be buying the dip
Thought it'd be lower. But hey!!! I'll take it! Gold and VIX are doing well also!
Boys and girls hold on to your underwear cause if you're holding DGAZ or NatGas puts you're in for a big surprise!!! PreMarket adjustments point towards a decent gap!!! Gonna let you guess which way! Tune in in 19 minutes!
Oh!!!! BigCheds is here!!!! Watch for a whisper tonight!!!!
Stop, you're making me blush!
This play is nice though. Solid plan, decent fins, real revs, small float, chart SCREAMS buy and backed by Moonshine.
My call? 32 Monday or Tuesday, small retrace then 35-40. Will see what happens then. But tight as she is anything can happen from there.
One thing to note is that we're long overdue for news. Was working on several new aquisitions.
Only one way to go: North.
I first bought here back in Sept and have been adding here and there. Very glad I did!
Btw...some are calling for a quarter down ng at open...
Just saying...
Cold smokehouse!??!! Nice! But those fricken machines can be hell.
Gotta stay active, that's for sure!