They lied. We see .0011 today. I expect a dump. Not gonna buy because it's going to trips next week becausebof the tax selloff....

I'm buying 8's

Good morning!!!

I'm short for a month or so. But we will be seeing $4 on NG within 3 months. Gonna fall below the 5 yr avg in 2-3 weeks, estimates i've read say 3Tcf of inventory end of season (10/31) and that would be very bullish. Less coal, more exports. May contract gonna be hot....

Have a great day! Not playing today, I bought my D's yesterday, getting ready for Christmas!

F2 F2 F2 F2 F2 F2

I can't see them fins! Can you? Did they bs us again?

F2 F2 F2 F2 F2 F2

Got more @ 3.62....

DGAZ at any price today is easy money. If NG couldn't hold it's gains after a draw of 209 Bcf, it's only got one way to go. In a couple if days we'll be trading March futures... and winter's over by then. A cold spell might push the entire curve up for a short little while but I think we're gonna go fill more gaps below soon. Bought at $3.40, will be buying more before close today. Thinking NG-Jan 3.54$...slowly getting there now....

I don't trust these Credit Suisse people anymore. Not after what they did to UWTI / DWTI with 15 days notice. Not taking any chances.....

Out U 42.50, in D $3.40. Small position

They're late. News today or tomorrow is bad news, they hope we forget about it during the holidays....

Still....can't wait to see WG's fins...

Best of luck!

Top of the morning to y'all!!! Overnight topped out at 3.627. I'll be watching the action all morning but I think I'll be selling f at 3.62 (depending on today's action). But will be selling def today to sink my teeth in some D's. Cash didn't jump as much as f nor g indicating hype. Yesterday's rally was the result of a dream trifecta: massive capitulation on the eve, massive draw expectes and news of a cols front on the way. Hype....

Also today's the last daybthe big boys will be playing. Yes, it's Christmas again. They'll be back in Jan....

Add to that the seasonality curve....

Haven't done the math yet but will be selling 3.62ish, buying D for a long(er) hold. Looking like $3.38 D selling at $4.10 or so....

That what it looks like to me so far this am....

Seriously,though. Get what I'm saying? I work hard for my money, have so for 50+ years. When I get mad at a trade it becomes personal. And that's when i'm most often wrong. F@$!& it. Enjoy the holidays!

Then stop playing it. Reset. Chill. Then, when the timing is right, jump back in. Seriously. We need time to reset or else we get pissed and emotions take over trying to make back the losses.

Go away for 3-4 days. At this point, it's too late to jump into U anyhow, and too risky to buy D.

Set a buy at 2.50 and forget it...... you need to chill. Go out, get wasted, get laid, whatever. But chill.

I wouldn't even think of touching D at this point, tempting as it might be. Serious estimates will come out tomorrow 8ish and maybe then we can talk. But with that mid January cold front on it's way, all gaps above on all time frames are game (up to $3.77 on the Jan contract...) that would give DGAZ $3.15 or so..... but it's all very speculative at this point. We have sub 70 bcf supply these days, Sabine and Mexico exporting, a new LNG terminal in Louisiana and $7 + ng in asia and Europe....
Blew right through $3.55, I expect same at 3.62..... this rally is strong....

$3.55 done. Next $3.62 (f7)

F7. $3.50 on G7. Im looking for 3.55 on f

I'm not considering roll yet. At this point it's redundant. 4 cents....about 1%....

Yeah.... thought so. Won't get to 3.55 without a breather.... needs to retrace to 3.47ish for next leg up

What's the rsi for ng on the hourly pls? (Driviing)...

Seems that way sometimes....

Check out @N565UA's Tweet: https://twitter.com/N565UA/status/811517590417920000?s=09

I'm holding. Not flipping for a couple of bucks. Could get wild. last year's biggest draw was 235 bcf. If we get even close to that we could close that gap up there.....

today's the day, do or die..

Looking forward to seeing why they waited til the very last minute....

wish i had more time to post better but busy time of year....

I enjoy your dd as well!

Great day!

Good morning! I'm looking fir $3.55 natgas Thursday then a drop to 3.11 next Tuesdat or so. Unless....

There's a cold system brewing in the Pacific now if it's confirmed Thursday or before we could get a double boost.

147 bcf draw on mild weather last week. No way we draw less than 200 this week....

Best of luck to all holding here

Yup.

But....

Feels like a gap up tomorrow morning. Get back above $3.35 (Jan) and we're rockin'!!!!

With Fibs I'll use the continuous contract. I forget the exact data but started at the low in Nov (2.52?) To the high (3.77$?) The difference at .618 gave me my first target (3.36?) And .50 gave me today's target (3.262). Using that 3.262 i was able to sell my d at 4.74 todau and buy U at 32.78. Double bottom at 3.25, up it goes now..... how high, can't say now, need to check the chart and see what spot did but gap close at 3.77 not out of the picture if we get a big big draw (235+bcf)....

Sold d buying U at $32

$3.30 broken next stop 50 retrace $3.262

Hard to believe but it is what it is....

Must read.

Natural Gas In Denial: Structural Imbalance Has Eliminated Excess Inventory http://seekingalpha.com/article/4031573?source=ansh $UNG, $AR, $BOIL, $COG, $DGAZ, $GAZ, $KOLD, $LNG, $RRC, $UGAZ

Mixed feeling here. Fundamentals say up, technicals and weather say down....

If they were shipping price (and demand) would increase. Sabine is shipping 1.2 bcf/d....

Looks like she really wants to go down. Break 3.26 and we see 3.....

I'm missing something......

Genscape reported 105.1 BCF demand for yesterday, 195 - 210 BCF draw expected Thurs yet we close flat at $3.40..... mild weather my ass.... there's something else

And winter hasn't even started yet!!!!

Futures curve - out to Feb 18 + 4-5 cents yet Jan & Feb 17 pretty close to flat....

Looking to sell D at 4.3 but will cloae today for sure. Expecting record draw for Dec this Thursday.

I was looking at the Jan chart thinking that 50 fib retrace to 3.262 could be a possibility.... now that the 618 was crushed....

Volume and spot will be telling today

Yup. Good plan. I'll be selling my d's going into U. Wait a day or 2 for $3.50+ I think....

Went down to 3.33 overnight....

Yo TM!!!

Nat gas is without a doubt going to 4, just a matter of time. But it'll go down first.

Supply and demand are tight, exports are making the difference. Bearish weather yet bullish inventory reports....

Thing is as far as DGAZ and UGAZ go, we're trading February. When I buy wood for winter I always do so way before the cold starts. Same with NatGas.

Remember last week? 147 BCF draw and price dropped. It just needs to drop. Close the first gap and we jump to close that second gap at the $3.70 NG level....

DTI (Dominion) in Virginia had it's biggest NatGas day ever last Friday....

What I"m saying is I hope to sell my D Monday at 4.30+. And I'll be buying U as well. Could go either way but overall we"re in Bull territory.... if we're patient. The contango/backwardation flatness allows us to be patient....

As far as gold goes, USD needs to drop, DXY at 103 makes US uncompetititive. Yellen said 4 hikes in 2016 (in Dec 2015), gave us 1. Now says 3 in 2017.... won't be able to. If 1120 gold holds, break 1180 and we go back to 1320 real quick. USD will be dropping with oil. Also, markets will be correcting, adding to risk and gold. Also, Muslims start stashing gold 12/31. Russia now going in Ukraine.... all bullish. Yen will need to go back up.... gold follows.

$DGAZ $UGAZ $UNG #NG_F #natgas demand on Monday, Dec.19 may reach 114 bcf - 5th strongest daily consumption record over the past 10 years

— Bluegold Trader (@bluegoldr) December 16, 2016

Next week's going to be interesting. Monday's Nat Gas consumption is expected to be 114 bcf, top five daily rates in past 10 years. That's a draw of 50 bcf from inventory just that day. Thursday's report will top 200 bcf draw. Yet warm weather expectaions, high US dollar and bearish chart point downwards.

I expect a down day 3.32 ish Monday then bullish action towards Thursday.

NUGT's gonna be good. But the key here is USDJPY. Compare both charts, they move in opposite directions. Get USDJPY under 117 and you got a three bagger with NUGT. It was 16 before the election. And it's going back there and more...with patience. USDJPY was at 108....

17% contango on the VIX right now. I stay away from it. Lost lots of money there this year. Best bets made was buying XIV. If XIV drops to 30 or less I bet the farm. No surer thing than the XIV!

All the best!

Next week's going to be interesting. Monday's Nat Gas consumption is expected to be 114 bcf, top five daily rates in past 10 years. That's a draw of 50 bcf from inventory just that day. Thursday's report will top 200 bcf draw. Yet warm weather expectaions, high US dollar and bearish chart point downwards.

I expect a down day 3.32 ish Monday then bullish action towards Thursday.

NUGT's gonna be good. But the key here is USDJPY. Compare both charts, they move in opposite directions. Get USDJPY under 117 and you got a three bagger with NUGT. It was 16 before the election. And it's going back there and more...with patience. USDJPY was at 108....

17% contango on the VIX right now. I stay away from it. Lost lots of money there this year. Best bets made was buying XIV. If XIV drops to 30 or less I bet the farm. No surer thing than the XIV!

All the best!