Another week of Bullish inventory numbers, I think a lot of
it was already baked in though as price spiked a bit on the news
and got faded right away... #WidowMaker
UNG (KOLD) ... I know long term charting on those ETF/ETN
are distorted because of the fees and contract rolls,
contango/backwardation etc... , but nonetheless, the pattern is
close enough to what you see on the futures contract anyway ...
close enough for me to trade from it at least ... lol
UNG (KOLD) ... all cashed out of this trade ...
waiting for a new setup Long or Short on Gas ... seems
to want to bounce from here ... key area to do so as well
...
UNG (KOLD) : Inventory :
Posted by mla127 on 28th of Jul 2022 at 10:42 am
UNG (KOLD) : Inventory : Actual 15B Forecast: 22B Previous: 32B
Another week of Bullish inventory numbers, I think a lot of it was already baked in though as price spiked a bit on the news and got faded right away... #WidowMaker
UNG (KOLD) ... I
Posted by mla127 on 28th of Jul 2022 at 02:27 pm
UNG (KOLD) ... I know long term charting on those ETF/ETN are distorted because of the fees and contract rolls, contango/backwardation etc... , but nonetheless, the pattern is close enough to what you see on the futures contract anyway ... close enough for me to trade from it at least ... lol
UNG (KOLD) ... so far
Posted by mla127 on 29th of Jul 2022 at 02:07 pm
UNG (KOLD) ... so far so good ... we'll see where this goes
UNG (KOLD) ... all cashed
Posted by mla127 on 2nd of Aug 2022 at 12:27 pm
UNG (KOLD) ... all cashed out of this trade ... waiting for a new setup Long or Short on Gas ... seems to want to bounce from here ... key area to do so as well ...
Thank you for pointing this
Posted by anjali25 on 3rd of Aug 2022 at 04:50 pm
Thank you for pointing this out - rode it from 13-15.5 and exited yesterday
Was thinking about going long …. But first time I made money in this …
UNG ... Seems rip for
Posted by mla127 on 3rd of Aug 2022 at 12:46 pm
UNG ... Seems rip for a bounce here ... Inventory tomorrow ...
EXCELLENT call mla
Posted by steve on 3rd of Aug 2022 at 02:14 pm
EXCELLENT call mla
UNG ... and bounced it
Posted by mla127 on 3rd of Aug 2022 at 02:09 pm
UNG ... and bounced it did ... lol ... wasn't expecting it to be so soon ...
Here's a longer term view
Posted by mrjasongill on 28th of Jul 2022 at 02:31 pm
Here's a longer term view on UNG. Weekly chart. Notice the break and backtest
https://www.tradingview.com/x/NN6TKE2P/
Nice work mla
Posted by steve on 28th of Jul 2022 at 02:27 pm
Nice work mla
Weekly NatGas chart will form
Posted by mla127 on 28th of Jul 2022 at 10:45 am
Weekly NatGas chart will form a nasty bearish double top here .... just sayin' ...