Saturday, February 25, 2017 10:56:58 AM
Saturday morning 2nd cup of coffee
If I'm inaccurate in bullet points believed to be facts...
Please correct me!
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March has expired.
Front month contract focus: April /ngJ7
* Is it less important for the front month's contract price action to stay .20 tucked into Spot$ ?
I would say yes, April's promise to deliver by March 29th expiration, the further out expiration is, the further it can wander from Spot$ ?
After hrs /ng closed @2.799 printing 0.309 over Friday's Spot$
Friday Spot$ fell .11 @2.49
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&cancelstudy=&
use this link to see a longer term Spot$ 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=&type=AREA&density=X&cancelstudy=0
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I'm more comfortable holding my 1/4 position short over the weekend now... even if /ng gaps up Sun/Mon
My follow up post will have more thoughts in charts.
I have plans to finish building Dad's cold smoke house project for him today.
Smelt season is only one day and it is today. I have a friend bringing me smelt to smoke for a portion. I need to; pick up racks and screw them to 1x1 frames, set the rack shelve runners, hang the door, place the smoke house and build a fire to test it... while the smelt soak in the brine.
So I need to get on it... L8r
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