I agree, its a triangle, but anything happens in the day/week time frame. I'm long-term bullish but in this weekly cycle, who knows. I'm thinking up in the next 24 hrs, report drives the next couple days. I do think Thursday 's report will end this current triangle, up or down, we're at/near the end. Hi temps, demand are priced in so it will take a surprise to bust up and out. May be a nice chance to flip over to DGAZ for a few days!

Good Evening! Exited about 75% of large position today, between 2.04-2.06. Overall buy average was 1.927 so a really good trade. I think we have some more to come, maybe premarket, few cents on UGAZ, but will really take some bullish news on Thursday to really bust up and out of triangle. Standing back and looking at last week, seems like it is coming down, lower highs, although seems to be holding today's gains, bullish. So I'm keeping a small but significant position overnight. If it were easy, everyone would be doing it! GLTA!

Bill should help LNG exports:

"in addition to unlocking crude oil exports, the bill would also speed up exports of liquefied natural gas and ensure that states that have offshore oil and gas development get their share of federal revenues."


Bill to export moves closer

Sold another small at 2.04, still holding a chunk. Will probably go into tomorrow, thinking preM opportunity to sell some more.

Yep, sold half as well @ 2.04-2.05, avg is 1.92. I think we have more to come but will almost for sure not hold thru Thursday's report... although this time watch it bust up...lol.

Another small at 2.05

Unloaded small at 2.04

Waiting for 2.04ish for first unload but think it is on the way this morning.

Looking good, NG up @ 2.738 this evening

Trying times they are but am still loading. This break through the lower trend on the triangle should be it, up from here...assuming the pattern holds. Is "normal" to test that trend line on top and bottom before getting back in line. GLTA!

Yep about the same here, been taking bites at 2.02,2.0,1.97,1.96. Avg is a hair under 2 now. Looks like this coaster may be turning up now. Would love to have seen a bullish surprise in the report, maybe next week.

Here ya go:

Got some 2.0s. Looks like bottom of triangle about 2.74ish but it may not head all the way down. In loading mode now.

Sold 80% last night in AH, reloading slowly now @ 2.05

No Vegas, been once and paid for my trip but I know if I ever go back, they will take it from me...lol. I'm probably older, feel like it, but I'm always quick to scalp profits, especially when there is soooo much movement. For the record, I think tomorrow, and tonight will be very interesting. I'll be up 6AM CST ready to trade, thinking some big preM swings maybe.

Ahhh yes, Thanks, lost track of the change over, maybe so. I figured NG would rally into report tomorrow, check. Tough decision now though... it is approaching the top of the triangle, but bounced off top of this nice channel we're in right now from the 27th. Report tomorrow could bust us up and out of triangle, or we do have room from another pullback to 2.75ish and then run again... or stay in that channel, back to about 2.83ish. Lol, this is a tough one. Still holding 1/3 of my position, about 40k shs. Overnight may be interesting!

Just looked at the charts again, that channel we are in basically intersects with top of triangle tomorrow, almost at the report time by my lines, wow. Report could be huge one way or the other. GL!

Wow, went ahead and unloaded half at 2.19. Strange to see NG move like that in AH. Might be a really good sign for the report tomorrow.

Nice AH action. Looking to unload some at 2.87ish.

My bad, actually meant to reply to Fanthos. We're looking good this morning. Maybe we can make up some ground, back to the mid/upper 2.8s by lunch.

GL!

Sorry for the obvious, but not a stock, not affected by stock market. What it is affected by, aside from supply/demand/weather, but not even close to oil, is economies in trouble. When the economy dips, here or abroad, it affects demand. The nice thing about NG is that it is really a domestic product/market for now, although that will end this year with the first shipments abroad of LNG. If China sparks our correction, which is coming, then NG may get hit, although imo limited. Loving this bullish triangle and that we are near the bottom, maybe touch it again tomorrow, likely to bust up and then to 2.90s, maybe plus 3. Play with WTI a lot as well but have stayed away recently from that death spiral. I'm bullish on NG and continue to load here.

GLTA!!!

No doubt, basically back to about even for me (Avg 2.08), started buying about 1 trade to early but bought all through end of last week, even AH on Friday. I've got plenty of reserves left to load but have a substantial position already. If we make it back down to 2.73ish, current bottom of triangle, then I'll continue to load, but will wait and see for now.

GLTA!

Well I guess this only applies if you held off until premarket opened this AM. GLTA!

Congrats to those who held off buying! NG opens down 4 cents.

lol, sorry, not completely sure myself but I believe it means the model is forecasting very high temps over North America in the next week or so. Bought some more at 2 this morning.

The Pacific/ North American teleconnection pattern (PNA) is one of the most prominent modes of low-frequency variability in the Northern Hemisphere extratropics. The positive phase of the PNA pattern features above-average heights in the vicinity of Hawaii and over the intermountain region of North America, and below-average heights located south of the Aleutian Islands and over the southeastern United States. The PNA pattern is associated with strong fluctuations in the strength and location of the East Asian jet stream. The positive phase is associated with an enhanced East Asian jet stream and with an eastward shift in the jet exit region toward the western United States. The negative phase is associated with a westward retraction of that jet stream toward eastern Asia, blocking activity over the high latitudes of the North pacific, and a strong split-flow configuration over the central North Pacific.

The positive phase of the PNA pattern is associated with above-average temperatures over western Canada and the extreme western United States, and below-average temperatures across the south-central and southeastern U.S. The PNA tends to have little impact on surface temperature variability over North America during summer. The associated precipitation anomalies include above-average totals in the Gulf of Alaska extending into the Pacific Northwestern United States, and below-average totals over the upper Midwestern United States.

Here we go ...lol
Check out tweets on the right side.

Afternoon European weather guidance shows potential for monster positive PNA days 9 and 10.

Ughh another bite, glad they're small, lol

Another bite at 2.17... Avg 2.19

I'm in at 2.21 for the afternoon. Got stopped out of UWTI this morning from my buy yesterday in AH, luckily I had it set pretty tight.

GLTA!

Well this is boring.... Will probably close it out shortly.

Yep, took some UWTI and UCO at the end of the day, for a quickie. Plan is out in the AM, premarket if according to plan. WTI is going down but has been doing it in a very slow and predictable manner over the last week. If the pattern continues then we should see a pop overnight, early AM, not worried too much about a collapse in the next day or two.

Yep, just grabbed a little UWTI and UCO for a quickie into tomorrow.

Sold some DGAZ this morning I got in AH yesterday, 5.23 to 5.33. NG looking like it wants to come down, maybe to the 2.83ish support. WTI just waiting to go over the edge... report this morning may just push it over.... should be interesting to watch.

Wow, another build, in late July. Hate to say it but we're going to high 40s before morning, imo.

GLTA!

Played UWTI earlier today for some lunch money but looks scary now, sub 50 could be on the way. Will keep playing DGAZ :)

Out of DGAZ @ 5.67, decided to take the money and run. Will look for a good ugaz entry now.

Yeah, want to unload my DGAZ this morning, will then look at flipping to ugaz.

...Probably when NG approaches that 2.74 range.

Trading open, down at 2.84

Thanks and tough one, thought we had clear sailing down to 2.83ish, at least, but she is being stubborn, lol. If I had to guess, I still think it may bust that 2.83 support and head a little lower, but may be early next week at this rate.

LOL... WTI only hits 70 if ISIS takes over Saudi. What are you smoking? All good intentions, DO NOT BUY UWTI now, it will never go above 3 again, it decays and will reverse split (which will take it over 3, lol), which is immanent. Trade daily, every couple days.... do not hold.

Don't bite yet! Think we will collapse under that NG 2.84ish support tomorrow, will load more DGAZ preM if it holds until then.