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Still want an explanation? A catalyst? There ain't none. Market powers at work.
It just needs to retrace to go higher....
First gap still unfilled. Cash price down Friday. Going lower.
I'm still looking for $3.35 NG. 618 retrace from highs, gap on the daily and all that. Hit that and we go to $4
It's following oil
Whatever side you're on, it's nice to know that contango decay is reduced to less than 1% as of yesterday. Makes holding longer less expensive...
I'm in Canada. Propane is bigger here than NG. And the really cold is in low population areas.
I think NG goes lower. Anything under 140 MMcf draw is bearish
All I see is $160,000 given to the equity commitee plus payment of half of the fees. Care to share your discoveries?
Last Friday's COT report shows otherwise;
http://www.cftc.gov/dea/futures/nat_gas_lf.htm
Shorts won't cover before AT LEAST $3.35 NG. Probably even lower.
High USD made imports terribly cheap and exports very expensive. Maybe Thursday's inventory report will be a deception.
Cash closed + .02 today, relatively flat....
Staying short target 3.35 NG 4.70 DGAZ
181 pages of boring mumbo jumbo.....
Trying. Falling asleep at page 37...
Yes thank you. What's your point?
I hope you meant uplisting....
It depends. Although I believe we see at least $3.35 NG, the rumour mill starts tomorrow. We'll be getting the first serious draw estimates for Thursday's inventory report. Add oil dropping to $50 handle or maybe less (WTI), NG profit taking.....
Hard to tell now, but bias is NG down DGAZ up for now....
Very good article today.
"BioNovelus Inc in Arizona in the US says a biofungicide it has developed, CR-10, has proved to be successful combatting coffee leaf rust in Costa Rica and Guatemala."
http://www.coffeeandcocoa.net/2016/12/12/biofungicide-helps-win-battle-leaf-rust/
It's pretty incredible for this year but we do have those gaps down below. I'm aiming to play that $3.35 gap (NG). Profit taking and hedging will take us there, I think. Tues or early Wednesday.... but I haven't had time to dig deeper (weather, volume, news) so can't say now. Hoping to do my dd tonight.
In the meantime i've got my D up for sale at 4.67 and bidding U at $35. Just in case.....
Happy trades!
It's pretty incredible for this year but we do have those gaps down below. I'm aiming to play that $3.35 gap (NG). Profit taking and hedging will take us there, I think. Tues or early Wednesday.... but I haven't had time to dig deeper (weather, volume, news) so can't say now. Hoping to do my dd tonight.
In the meantime i've got my D up for sale at 4.67 and bidding U at $35. Just in case.....
Happy trades!
http://www.equityclock.com/charts/natural-gas-futures-ng-seasonal-chart/
This chart has been a money maker for me...
Look at the seasonal chart.... this move was predictable
Look at WTI compared to NG. Money flows out of WTI, in NG. Oil up big, people sell NG to join the oil ralley. Oil down, NG goes up.......
I hope WTI hits $60!
Agree 100%!!!! I was offered jobs in the south but could not leave home. Soooo.... cold it is for me here....
Did they ever build that film studio in Effingham County?
Billy Madisson!!!
Ya ya ya!!! Show off!!!
Barry!!! Is that you dumping all your shares?
Teens here in Montreal. Going sub zero next week. Hmmmm.....
Site looks great!!!
Good luck to you as well!
You're right. But what's the 52 wk high? 150? There will be a tax sale. With or without negative WG fins.
I think it'll get there. Seriously. 40's my objective and it'a sure thing, but this was much higher at the beginning of the year and many will unload for tax purposes before eoy.
And....those Western Grade fins... might be surprising. To the down side.
I'm waiting on 11's. Just a matter of days now
And some say that it's a long term hold......
Hold long term if you're bag holding, I say
I doubt they'd agree...having gone through the 1 for 1000 reverse split and all....
100% with you. I'm presently involved with another ticker where shareholders decided to persue legal action action against the company. I'm holding preferred....
Out of the 32MM settlement, 18 or so is going to the attorneys and shareholders are getting scraps...
1004 shareholders? Bull.
Move along. Not worth the expense nor the effort. Just part of playing OTC.
Best of luck to all!
May 2015. How is it relevant? I bet those who commented then wish they'd sold...
Agree. Thing to note..... you will not be affected by contango decay holding D for longer periods, backwardation is the exception and will never (rarely) be as expensive as contango on U. I was tempted to buy just now at $3.45 but odds are we go up, bullish pressure is just too strong. But..even at 3.45, 50% profit is likely when we hit the duldrums of March and April.
And it's off!!!!
The way I understood it Baja brought 300mcf to market daily. Those 300 mcf will still be pumped but will be diverted to storage....
Spot price might benefit but we're trading futures here
$1200! You're pbly one of the ones with the least here. Still good coin, but many here are 5 digits and more....
Yup. Same here. Just reading now.... Baja pipeline out from tomorrow for maintenance - 200 MMcf of exports off line and another 300 MMcf offline as well.... draw next week might be lesser than expected... but still bullish in the triple digits.
This year, yes. Exports through Sabine Pass gonna help. Exports to Mexico gonna help. Less imports from Canada gonna help.....
But we need a retrace before next leg up!
Heating oil down big since pit close. Ng wants to follow. Break $3.60 and we have a winner to $3.35 tomorrow. Oil broke $50, Brent about to break $53. The trend is your friend. But... at 3.35 going in U big. Next 3 weeks or so gonna be nice!