Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It is way oversold! Typical state of affairs for NG though. Either way to high or way too low. rarely in between. NG seems to always be in a state of flux. Never sits still for long. Short cover rally would be nice!
I still think this is just the last gasp on the lower demand to date and that the tide is about to turn into next week. No way they keep this down as the demand picks up significantly. Just my 2 cents.
I think this is it though! Picking up a last load today and calling it good for the bounce up. All weak hands have been shaken out. I expect few will be selling at these levels. No where to go but up from these levels in my guess.
Yeah, I am not worried, NG goes up and down like a yo yo all the time. It will be moving north shortly. The demand for NG is crazy right now. Huge degree days going on.
After today around 7.10! Not horrible, as I expect to see that at the very least.
Absolutely, but I suspect we see my exit price before then. Going to buy one last lot today, will really drop my avg down!
Very possible for UGAZ to go up 10% or even 20% from here. It is all about the percent gain and not the price per share amount! But would I recommend holding UGAZ after the next pop, nope! Historically it is like a perma-short akin to UVXY. Decay decay decay!
I won't be surprised if NG runs up past where many of us expect it to run in the next few weeks. Usually drops and runs lower and higher than we expect. Anything is possible ,,,,
Imagine the surprise if the report today comes in less bearish than expected. Could be just what NG needs to light the fire! I see blue skies going forward for the next month. Back to 3.00 at the very least. Demand is going to impact the price short term regardless of production.
Correct! No need to panic, all the selling in the world out of UGAZ won't move the price unless NG moves lower. I think the bad news is priced in and we are prime for a decent bounce towards 3.00.
Won't change a thing except the price of UGAZ. Directly tied to NG nothing else. The price of UGAZ cannot be affected by selling due to a RS, absolutely impossible. UGAZ can only go up or down if NG moves up or down! Period!-
Temperature will be taken into consideration once demand picks up as it is right now. I remain confidant of a run up in NG to at least the 3.0 to 3.10 area on the large demand occurring as we speak.
In the northeast where I live the temps are heading towards zero at night. That is early for us. Could easily be setting up for a colder than normal winter. UGAZ is not out of the fight yet!
That is how I see it as well! This was out of the ordinary this week! Perhaps up from here after a false start....
When the "powers that be" let this run, it is going to be explosive to the upside. Large increase in demand is occurring as we speak with deep freeze over most of USA. The Next two weeks will likely have bullish reports after this week. Should make for some interesting up days after this pretty insane sell off! Always frustrating to be underwater but keep in mind that winter has not even officially started. One can absolutely be guaranteed that there will be some sort of a run before winter ends. Hanging on waiting for that eventuality...
Oil also got slammed today around the same time! Interesting....
Yep, history repeats itself time and again! Imagine the big money boys buying all these shares on these bottoms. Slow gentle accumulation is what they do best.
The bearish report expected Thursday is the cause of this sell off is my guess. What if... The numbers are more bullish than expected, could get quite a bounce Thursday into Friday. Very optimistic going forward and not surprised by todays action. been here a few times before. Way oversold in NG for this time of the year. Wont stay this way long.
All the weather reports I have reviewed show normal to above avg colder winter is to be expected. This looks contrived and is a big shake out of weak hands. Shorts are driving this bus but not for long. Expecting a decent run up by middle of next week. Should be a fun run up!
Nice entry price! Look at this drop, whew! Hang on!
Totally agree! Last year NG was sitting at something like 3.50 to 3.70. I like the analysis of Celsius as to NG being way oversold by like 25%. Celsius expects at least 3.0. Puts me in the green and I am fine with that. Will be selling into strength along the way.
One more bearish report come Thursday and a near certain reversal is to be expected. Waiting this out....
Yeah that's it! The people who control UGAZ can influence the price of NG so they can RS this ETF. I would say, no way jose, lol! This is a very temporary drop that will be preceded by a nice push north with possible triple digit withdrawals coming as everyone is pushing demand for NG. Should be a fun ride up from here!
The good news is that demand continues to pick up for NG with most places in the icey freeze. Watch another move up by the weeks end and next week a move to above 7 dollars in UGAZ. Mark this post!!
Nah! Highly cyclical commodity and very volatile. I have been in this place before and came out fine. We will see at the very least 3.00 in NG before long as winter sinks in and demand picks up. This is one manipulated commodity though! This is currently at 25% undersold according to Celsius. They expect a minimum of 3.00 as the demand gets upwards of double digits. Hang in there, better times ahead. Buy more if you can.....
Look at the drop in NG today! Incredible! At some point it will have no where to go but up. One last shake out??
Not concerned at all, we have bounced off the lows and climbing back up, slower than I like but still climbing.
Northeast is going to stay cold for a minimum of 2 weeks. All indicators point to a much higher NG value!
I think I will need to be patient over the next month. Last year we saw 3.70 NG this time of the year. No reason we couldn't see at least 3.20 or more this year. Heck, maybe we get a run to 3.40 which really jump start UGAZ. Going to make an effort to catch a big piece of the next move up.
We are getting snow in Maine tonight. All portends well for a shift in how NG players will be thinking come Monday. This past Friday premkt Ng tried to make a start to a run up. Certainly looks prime for a gapper come Monday in UGAZ! Anyone think we have a shot at 3.10 or more on NG in the next few weeks? Ugaz at 8.0 to 9.0.
No worries, sun is lower in the sky every day. Cold of winter is settling in. Looking forward to Monday NG will be likely gapping up.
Absolutely! Just about everything is setting up for a run north! Snow is on its way to the northeast along with cold weather. NG is buried in the abyss with few sellers, lots of shorts and buyers ready to pounce! Bring it on!
NG is way oversold with the blast of artic air that is coming. In October we hit 2.75 and two weeks later we hit 3.20 on cooler temps. Watch the next two weeks run NG up over 3.00 plus. Holding out for 8 to 9 dollars in UGAZ. Have a nice weekend everyone!
Don't sweat it, just look at a chart and you can see the up and down gyrations. We will climb out of this trench soon enough! Not worried , this is a huge opportunity
Keep in mind that ugaz was sitting at nine bucks just a few days ago, the only thing that has changed is the pps. Highly manipulated commodity. Bet money we return to 9.00 before too long. Especially as demand picks up over the next few months. Sitting tight and waiting this out.
Hate to say it but I need to see NG at 2.93 for me to be even, yikes. Still, does not seem like that much of a stretch to get there once this bounces! Gotta be a bottom somewhere, likely pretty close if not already in play.
Frosty morning along northeast corridor. Burning NG as we speak.
Totally agree, 7.40 is no biggie when the powers that be let NG run back up. Looks like accumulation to me at these levels. Oversold conditions with winter just starting. Cold is expected to sink into the Northeast and demand will go up substantially.
Keep it down low enough and accumulate, seen this a thousand times. When big money is ready up we go. All the bad news is priced in, cold weather is solid going forward. JMO
Wild arse guess but the big money is sitting here accumulating at these levels.
Purchased my last lot at 6.50. Glad I left powder dry for this level. Looks like the bottom is in. Shorts will get squeezed and up we go. Cold weather is upon us!