NG appears to be defying the odds today premkt. Is this a precursor to a change in course? The strength premkt is pretty obvious as NG continues to be pushed up. We do have some of July and all of typically the hot month of August to blast through. It would seem that the "big money" wants to play the long side and short players are likely covering and adding to the rally. Just my 2 cents.
I bought some D at 22.90. Still holding some U. I'm seeing a triangle on the NG daily going back to last year. Looks like we are checking the top of that triangle... could go as high as 3.20 before turning back. I'm 75% powder for my NG trade, so happy to watch this play out the next week or so. We break above 3.20 and I'm adding U and cutting my D
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