NG $1.72 contango gap closed as predicted and promised, REPEATEDLY. Further Proof I'm The Best GD Natgas Trader you'll have the opportunity to converse with.
There is a gap below the $1.72 we may see it tested tomorrow. $1.65-$1.7.
dude iligence Thursday, 05/21/20 10:23:59 AM Re: dude iligence post# 18953 0 Post # 18957 of 18961 Dgaz $279+$17+6.55% Jun 1.72 July 1.86 contango .13-.14. Jul vol now greater than Jun vol, chart rolls, expiration 5/27/20 .13=7.%×3=22% ugaz/dgaz at any given ng price. Plan accordingly.
The contango gap closer play $1.72 to $1.85 to $1.72 round trip resulted in aprox 45% gain in DGAZ $220 -$230ish May 20ish thru tomorrow. UGAZ lost about 28% during the same time. DGAZ benefits greatly during contango. Trading Contango is not something you can learn overnight. If you dont understand it simply go to the sideline when the fwd month NG contract volume exceeds the frt month vol. Then wait for Contango gap to close paying close attention to the change in UGAZ/DGAZ values at any given price of NG.
NG has been dropping since May 5th DGAZ has been going up since then. I warned about knowing when a top was in as well. Some indicators never disappoint. DGAZ was $138 on May 5th at $330 its up 139%. I repeatedly posted how to use this indicator. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155599020