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UGAZ/DGAZ testing meeting lines. /ng has the same...
daily candlestick pattern @3.155 EXT-HRS toggled ~OFF
Doji version EXT-HRS toggled ~ON
ugaz/dgaz meeting line test
U https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=UGAZ.K
D https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=DGAZ.K
I think the best question we could ask ourselves...
is
Where is Cash$ going to be in 2 weeks? expiration
So far this am
a /ng to Cash$ 3.14 momentum reset is represented in the premarket bounce and friday's low is resistance.
Should be clearer what Cash$ is really doing by mid day
That 19th cold has extended itself into the warm anomaly forecast since yesterday's run
but on a short note, the warm anomaly holds till the end of the forecast run now
https://www.tropicaltidbits.com/analysis/models/?model=gfs-ens®ion=nhem&pkg=z500a&runtime=2017111300&fh=30
Winter months Daily OpenInterest status remains the same #msg-136065474 I cant wait to see the next results
I guess /ng could wash, rinse, spin, repeat @3.22 if Cash$ is flat-lining.
I'm hoping /ng winter pricing has gotten too far ahead of itself and it fades into expiration
before it takes on another DIME when it rolls into the next month contract
Need to see the warm anomaly hold into the extended forecast.
Predict Cash$ into expiration?
persistent anomaly being cast on or around the 23rd...
https://www.tropicaltidbits.com/analysis/models/?model=gfs-ens®ion=nhem&pkg=z500a&runtime=2017111200&fh=30
starts the 21st
23rd
24th curious if it'll drop down into the states by the time it gets here.
but before all that the 19th is COLD
I don't doubt a gap either direction
small position d@22.58 /ng @3.22. Cash$ -.04 @3.14...
ext-hrs
Jan /ngF8 @3.31
Feb /ngG8 @3.311
Cash$ chart
https://www.investing.com/commodities/natural-gas-contracts?page=chart&symbol=NGY00&domain=futurespros&display_ice=1&enabled_ice_exchanges=&sym=NGY00&width=550&tblwidth=550&studies=Volume;&cancelstudy=&density=H&cancelstudy=0
Winter contracts green. Where it get's sticky, printing...
@ and near yesterday's inventory report prices
EDIT We have a few trading days left for natgas to shove ugaz bulls into the Jan contract.
See previous post<--- http://www.velocitysharesetns.com/ugaz
Meeting line
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=dGAZ
https://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2107
This is an interesting pattern... and rules to it.
Would love to see a last gas run today
Buy dgaz way under the pattern and see it trade back to the pattern for confirmation monday/tuesday
and then apply the stop rule
winter month contracts have been selling off since midnight/turn of the day
Feb /ngG8 having a hard time giving up overnight 5min OnBalanceVol
See if Feb finds support in the 3.276 area
I hope I haven't missed it holding out for a new high
EDIT 5min overnight obv breaking down
Last reported Cash$ @3.18 who knows what it's doing today... down?
or is this a /ng to Cash$ momentum reset?
Daily OpenInterest status for the Winter months~ same
Futures ext-hrs Jan /ngF8 ticks a new high.
/ng 3.25 = D 21.75+/- dime over cash... Edit...
see if that happens
edit... interesting strength 5min OBV Jan /ngF8
a battle going on to keep the winter month contracts green for the day
probably not going to hold up if Feb doesn't start getting some action
and now Dec & Jan tick a new highs.
interestingly enough Feb /ngG8 ticked a new high. Premarket.
Closed D@23.71 /ng @3.16. Cash$ +.07 @3.15
In D@23.40 see if /ng will roll over today.
Are you interested in shorting tomorrow's new high strength?
looked like some selling today but not so sure it was top volume
I'm waiting till the am to take another look
/ngF8 Jan 3.25/.27 looks possible now...
ugaz dgaz will start being shoved into the Jan contract on the 8th.
20% a day until roll is complete on the 14th
ugaz/dgaz month roll starts on the 6th business day of each month
So, they did rip that contango out of UGAZ and are now setting it up to rip the next contango out?
If this is the case I'm wondering where U will be mid month+ and how cheap D will get
... and then, down the flag pole and right back up again?
gotta to be in it to win it... I wasn't. But at least I stopped myself out of D friday
I cringed to take that loss on D but boy I'm glad I did
/ng @2.98 = +.29 over Cash$...what's holding this up?...edit...
even if Cash$ is up .09 today
/ng is still printing .20 over Cash$
Cash$ -.08 making a new low tide @2.69...edit...
https://www.investing.com/commodities/natural-gas-contracts?page=chart&symbol=NGY00
NGI says HH +.05
hmmm
barchart.com's chart says 2.69
https://www.barchart.com/futures/quotes/NGY00
edit
@2.95 /ng printed +.26 over Cash$ today?
https://www.investing.com/economic-calendar/natural-gas-storage-386
painted it red ^
and celsius is now painting it moderate to green
What a crock. flip/spin that one from 5th most bearish #msg-135739973
to 3rd most bullish
http://www.celsiusenergy.net/p/current-natural-gas-inventories.html
Summary
Through the first 31 weeks of the injection season, natural gas inventories have climbed by 1726 BCF from a trough of 2049 BCF the week ending March 24. This is the 3rd most Bullish 31-week injection in the last 5 years and the 6th most Bullish build in the full 22-year period of record.
I really wanted to see a longer monthly candle tails piercing the lower Bbands of the winter month contracts
and then shoot back above the lower Bbands to start bullish Monthly candles
not so sure I'll get it now
that is yesterday's data/picture
will I jinx this by saying In D @31.33...
short 2.90
all this Volume down here makes me think the downside is overdone for a while?
wow I wanted to see what the volume looked like during regular hrs trading
@Jan 3.055 -tagged in premarket
wanted to enter D on that drawing alert
Doesn't look like I'll get the chance now
Here we are, winter months & lower monthly Bbands...
#msg-135780821 <---wait for the charts to update
are these going to be candle tails piercing and launch or... something terrible.
Trying to imagine,
Where does the next candle start for each of these charts?
Is this a Bottom? or, At or near a short term bottom?
but at the edge of a cliff regardless.
where are the boys taking this
Sold remainder @ 31.82 That's close enough for me "trade plan objective"
front month to a penny over cash$ momentum reset @2.88
I can't afford not to take gains here so I am.
I kind of wanted to get out of the way of possible short covering rally into the close also
That was a nice haul
Cash$ could be up +.03 today and the momentum reset is here @2.90/.91 +/-
tough call
who knows
Sold a hand full to pay bills. Now I can just watch, hope for crazy and some lower marks hit
Ready to cash in on some D@ Drawing alerts...
... if it gets crazy today
~ While keeping an eye on the lower 4hr Bband @ +/- 2.918
* /ngZ7 @2.88 front month to cash$ momentum reset = a penny over Cash$ @2.87
It doesn't mean it's a buy. Simply the first momentum reset for this contract.
Cash$ was up +.09 @2.87 yesterday and the market gave a muted response.
I'm guessing cash is falling today? who knows, Cash$ is racing up to meet it again
* /ngF8 Jan @3.055 or lower
Watched Feb g8 5min obv dump all day... started in premarket.
looks like that penny is almost squeezed out of feb-Jan
would like to see Jan f8 5min obv start doing that
and so on... Dec z7
#msg-135739973 sure would like to see Jan printing 3.055 or lower soon
Dec 2.90+/-
more Jan resistance @ 3.134-3.15
In D@29 /ng2.98. With an eyeball on Jan F8~3.12
Looks like a good mark. If it'll revisit it during regular hrs trading, I'll probably take a stab @ shorting 2.98
.20 over Cash$
Yep! No need to try and be a hero...
risk was too high
either direction
for me