AI
Monday, September 21, 2020 11:04:52 PM
Something to watch here -
NatGas down 10.4% today, yet BOIL up 5.28%. Why? Contango.
https://www.investopedia.com/terms/c/contango.asp#:~:text=Key%20Takeaways-,Contango%20is%20a%20situation%20where%20the%20futures%20price%20of%20a,strategies%20to%20profit%20from%20contango.
BOIL begins rolling contracts into the next month on the 6th business day of the month, so still 10 days away.
https://stockmarketmba.com/analyze.php?s=BOIL
I am still looking for NatGas to go to ~$4.00 in Dec-Jan, so I continue to hold BOIL (painful as it is), and will add more at these levels as I can. As the Contango unwinds in the next two weeks, watch for BOIL to drop and KOLD to rise.
Play at your own risk. GLTY
NatGas down 10.4% today, yet BOIL up 5.28%. Why? Contango.
https://www.investopedia.com/terms/c/contango.asp#:~:text=Key%20Takeaways-,Contango%20is%20a%20situation%20where%20the%20futures%20price%20of%20a,strategies%20to%20profit%20from%20contango.
BOIL begins rolling contracts into the next month on the 6th business day of the month, so still 10 days away.
https://stockmarketmba.com/analyze.php?s=BOIL
I am still looking for NatGas to go to ~$4.00 in Dec-Jan, so I continue to hold BOIL (painful as it is), and will add more at these levels as I can. As the Contango unwinds in the next two weeks, watch for BOIL to drop and KOLD to rise.
Play at your own risk. GLTY
My posts are my opinion. Always trade at your own risk.
For swing trading I use;
https://coinclarity.com/trader-education-the-renko-and-ichimoku-method/
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