Replies to post #17349 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[C C]

EIA report....Supply vs Demand
Gas Week: (1/4/18 - 1/10/18)

Total demand
this week......117.1
last week......136.8

Total supply
this week......82.3
last week......82.7

For the Week Ending Wednesday, January 10, 2017)

Natural gas spot prices fell at most locations this report week (Wednesday, January 3 to Wednesday, January 10). The Henry Hub spot price fell from $6.88/MMBtu last Wednesday to $3.11/MMBtu yesterday.

At the New York Mercantile Exchange (Nymex), the February 2018 contract price fell 10¢ from $3.008/MMBtu last Wednesday to $2.906/MMBtu yesterday.

Demand falls. Domestic demand fell across nearly all sectors, as temperatures moderated from the previous week’s cold. Total U.S. consumption of natural gas fell by 14% compared with the previous report week, according to data from PointLogic Energy, and on Monday fell below 100 Bcf/d for the first time since December 25. Natural gas consumed for power generation declined by 10% week over week, and industrial sector consumption decreased by 7% week over week after hitting an all-time high on January 1. In the residential and commercial sectors, consumption declined by 19%. Natural gas exports to Mexico increased 2%.

https://www.eia.gov/naturalgas/weekly/#tabs-supply-1


cc

[Sendme]

Cautious people are still going to look both ways before they cross the street. Rig counts and weather reports could be the green light and the TA is looking both ways before you jump out into traffic. Or you can just follow the heard (to the moon).

Just trying to make a dollar here my friend.

You are right caution needs to be taken at all times. But some times the rails on the train tracks come down and there is no train or a news report comes out that is positive and the stock gets sold off, hence the phrase sell the news.

I will say this, I like trading and interacting on boards that have knowledgeable people that know the fundamentals because I will admit that I don't have a clue. I like this board because of people like you that can shed another perspective on things.

If you don't like my charts there is always the ignore button.
Have a great week.