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Re: stiv post# 812

Saturday, 10/05/2019 5:40:41 PM

Saturday, October 05, 2019 5:40:41 PM

Post# of 2188
Im still feel good about holding DGAZ over the weekend.

Investment Thesis
Despite prices finding support to the upside on prospects of colder weather, the natural gas market remains bearish with downside risk still outweighing upside potential. Cold needs to linger longer to sustain a rally


Despite the bearish miss and a second consecutive triple-digit injection in Thursday's EIA inventory report, natural gas bulls found support on a colder weather outlook over the next couple of weeks or through mid-October. The overall market sentiment, however, remains in a bearish state. Upside potential will remain limited as production remains strong, and there being no strong indications that the cooler pattern is going to last long.
Expect a price range between $2.10 and $2.40 over the next week for the front-month November futures contract. UNG will trade between $16.00 and $21.00.


https://seekingalpha.com/article/4295137-natural-gas-bulls-find-support-colder-weather-outlook-however-upside-potential-remains

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