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OT; Just a trial run to the islands this time. Looking for new adventures. Hope to do some trail clean up on St. Johns Island after the Hurricane devastated the Forested Park there.
Back to UGAZ, looks like it is taking a breather after the run up. Still looks strong though.
LOL! Yep! I just sold at 81.00 and am finally able to breathe. Cant believe I escaped this trade with all my money plus a profit. Wowser! Stepping back and taking it easy for a little while. Heading to the Carribean islands in a week, will be wanting to be out of all my trades by then anyway. No internet where I am going, no phones, no TV no nothing but white warm sandy beaches and 80 degrees. Ahhh! lol
Yeah I think I will bail as well. Just been in this trade way too long, very lucky to be able to get out with some profits. Looks like I might get a about a grand for my efforts. What a battle. I have got to be more careful in the future. LOL.
Having a hard time not selling into this spike. But it just keeps going up, lol
Sell targets anyone? I am finally in the green. Very tempted to close out this trade. But.... Are we heading to 3.20??
Yep, I think the price of NG continues going up until the highest draw numbers come in, once the cycle goes the other way or smaller draws it will be time rip into DGAZ for the Spring. If the cold atr mass stays planted into late January/February anything goes with NG.
I do remember that time frame! You guys nailed it pretty much.
I'll go on a limb and suggest that the record draws expected will extend the run in NG into next week. Coldest week in the northeast in 40 years. Crazy cold where I live. O degrees every day and night with lows at 15 below at night. These runs up or down usually go way down and or way up past our expectations. Good luck to you.
Thank you for your well thought out reply. I am fairly confident that we have not seen the high yet in NG. I agree that eventually Dgaz will be setting up for a monster play as the futures move into the Spring. Will be watching your trades for an indication of the next run in DGAZ.
In anyway shape or form will that influence Tuesdays opening price for NG? Your thoughts are appreciated. Trying to close out my underwater trade green next week.
The strength of this run and the very strong stabilization at and around 71.00 is fantastic! More to come into next week.
You are not alone, lol. Many of us were buying the falling knife a month ago. Been a brutal wait for this run up. Glad I just stayed patient. I will be in the green by next week. yay!
Just look at the lack of a real sell off today. The price of NG is holding, if it continues to hold we will likely see a continuation into tomorrow and next week. I feel pretty comfortable holding into next week. Serious demand on NG is going on as we speak. 4 below zero at my house in Maine today.
Smallish pullback on low volume. Will likely base in here today. More upward movement should be expected. Going to be fun next week. I assume futures mkts are closed Monday and will reopen in the evening on Monday into Tuesday.
I show them up and down about the same percentage amount based on yesterdays close at 2:30.
Won't surprise me if they sell after the report. I don't think I will mess with selling any of my underwater shares until next week. Appreciate your thoughts on what to expect. Pretty serious strength to the run up so far today.
True! Been holding through some turbulent times this past month. Not to be repeated. Amateurish mistakes along the way.
Understood! I don't expect NG to run straight up without some selling along the way. But a steady run towards next weeks report is to be expected. The big money shorts can afford to wait. Bulls have to be smiling today, what a nice surprise this morning.
This almost looks like a parabolic run today! Blowing thru resistance like crazy! 2.90 might be next!
Yep, saw that. You nailed DGAZ while many of us were underwater in UGAZ. Hat is off to you. Was rooting for you as most of us bet the wrong horse. But it does look pretty good going forward for the bulls, especially after this run up yesterday and today. Blowing right through resistance. From your perspective, do you see 3.00 in the cards into next week?
Man, I am glad I held through all the gyrations after being underwater. I suspected that demand would trump production and in fact this type of cold might even dampen production. NG usually overshoots the highs and the lows. So perhaps we overshoot here and run to 3.00 and beyond by next week. Been a big proponent of wait and see for the typical early winter run. Quite the jump up today in NG. Will be buying DGAZ once NG has run it's course in the next 2 weeks. 3.10 to 3.20 is entirely possible. Placing a buy order on DGAZ at 28.00 or lower.
Oh ok, just noticed Celsius take on it. Looks like NG is reacting to future reports and current cold weather. Could we hit 3 by next week? Very possible based on the current run up.
His numbers are way off, he is just trying to get people to signn up for updates. Watch his projected numbers for this Thursday be way off. Demand growing off the charts. Insanely cold going forward.
This looks like a decent start to a bull run! Have said all along that this kind of insane demand will eventually translate to higher NG prices. Looking for 3.00 NG.
Good Luck whatever you do! I am sure you will make bank on something else soon enough.
Me thinks you are right, low volume sell off. The demand for NG is through the roof. Celsius posted some very high numbers for his expectation for demand over the next few weeks. If the cold persists into Mid January it is game on!
Thank you! Cant say I blame you, this trade has been brutal! I knew better and still made the trade. Oh well, I am going to try to ride it out for any pop from this extreme cold. Might get a decent opp if I get lucky!
The chart for the past 3 days is looking pretty good, let's see if the trend line continues the up trend into next week. Monster report coming by next Thursday. If that does not propel NG up nothing will this season.
Good to see a continuation of Fridays action today. I remain optimistic that we get a decent run up in the next few weeks. I intend to sell anywhere near the 2.90 to 3.00 are in NG. Just way too much downward pressure on NG for my liking. But you cant fight the huge increase in demand that exists right now into next week. Looking for a few decent spikes ahead.
Yeah, closed that gap premkt. Could be just settling in for the next leg up. Nothing has changed except intense cold weather which will reduce production and increase demand. This looks like a chance for a parabolic move sometime soon based on weather induced demand! Still, surprised by the sell off after a 5 dollar move premkt. Damn!
I do as well! Should go for at least two weeks or more! Good luck to you!
Looks like a Real potential for a decent gap up tomorrow. NG is currently up 7.4 cents to 2.735 as trading has begun again for this week. Feel pretty good that we get some serious moves this week into next!
I am pretty excited about the move Friday after mkt. Decent move all day Friday. Pretty obvious where the next move is going to flow. Looks like very cold air is going to settle in and NG will be finally gaining some traction next week. I would not be in DGAZ next week or short NG. Could easily see a 15 cent move in NG in one day with follow through all the way to 3.00 in NG. Once momentum takes over get out of the way! Finally!
I realize it is just low volume action but it is bouncing around a lot and moving up. Of course percentage wise it ain't much. But it was up 70 cents a minute ago.
Anyone else following the after hour action in UGAZ and or NG?
I am willing to admit that this is beyond my comprehension. Looks like the shorts are in control and that weather is not cooperating as one would like. Next week it appears that the cold might not be as deep into the heartland as first suspected. Been some very large uncertainty about weather overall this winter. I am damn sure I will sell some shares into strength next week and start buying back lower on the dips, seems to be a better play right now.
This action is confounding the best of us Herbster. Nothing reliable to base this action on except that Bulls are not in control. Keeping everything tight to see if this turns around in the next few weeks. Good Luck.
Hi Cash! Nope not for the faint of heart! Sometimes I am surprised at being surprised by Natty! Have made some awesome trades in UGAZ these past few years and have made some really dumb mistakes too! Never trade with the house money and I do it more to keep me out of trouble while I make bank with the majority of my other investments in things like real estate and mutual funds. What a year in the mutual fund arena by the way! So for me the 15 to 20,000 I trade in risky plays keeps me in the game sort of speak and is the max I ever use. If I lose it all I am done for awhile, If I make bank I sock it away. Pretty simple really. Damn bit of fun when you are right and pretty much suxx when you are wrong. Hope you have a super fine New Year!
Holding my self!
Yep, would hate to miss any sort of run! Time is running out though, a couple weeks at best, maybe into early February. But it is a futures market and could warm up come March. Still, I am expecting cold weather for some time and increased demand, lets see if it makes a difference.
Agreed! I don't see much downside now though. But I have not played this well for the past 3 weeks or so. Just going to wait it out and see what happens. Might even sell into strength next Thursday on what is expected to be a very bullish report. Might be time for me to go back to buying and selling, usually works a lot better than sitting on my hands. But, typically when all hope is lost a turn around happens.....