UNG - Natgas : Inventory out, draw of -71BCF (Expected -67)
... Storage is hovering high on the 5 year avg ... hard
to be bullish here longer term with shoulder season right around
the corner
UNG 15min/60min ... Natty surprisingly strong ... probably
helped with some short covering from the relentless beating
... still long from the bounce, but keeping an eye out for
this rising wedge developing ...
UNG ... Very nice rip ... divergent bottom on many time
frames ... we'll see how far they'll push this ... (
Before someone mention it, I know all about the contractor
rolls and fees, contango, natural erosion of those products ....
etc... so any long term charting on this is heavily
distorted... so no need to remind me here lol... I'm VERY short
term on Natty anyway ... )
Warmer weather has been a killer for Natty ... Europe
dodged a bullet on this one too this winter ... maybe if
weather gets above average for an extended period this summer, this
will drive up power usage and avoid an excessive build up ...
but from what I understand from a couple reads here and
there, we are back with the same issues for Natty coming from the
oil producing regions ... where they are making good money on Oil,
and gas is just a by product and they just want it out and couldn't
care less how much they get from it ...
Macro, i feel all commodities will be much higher over
time, supply chain issues, access to capital, regional instability
etc etc...That being said i'm averaged on BOIL at 6, and i'm not
adding anymore til it's trending up. Will wait for proper setups on
others as well. Only in natgas currently.
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UNG - Natgas : Inventory
Posted by mla127 on 23rd of Feb 2023 at 10:56 am
UNG - Natgas : Inventory out, draw of -71BCF (Expected -67) ... Storage is hovering high on the 5 year avg ... hard to be bullish here longer term with shoulder season right around the corner
UNG 15min/60min ... Natty surprisingly
Posted by mla127 on 23rd of Feb 2023 at 12:35 pm
UNG 15min/60min ... Natty surprisingly strong ... probably helped with some short covering from the relentless beating ... still long from the bounce, but keeping an eye out for this rising wedge developing ...
UNG
Posted by mla127 on 23rd of Feb 2023 at 03:07 pm
UNG
UNG ... Very nice rip
Posted by mla127 on 24th of Feb 2023 at 03:15 pm
UNG ... Very nice rip ... divergent bottom on many time frames ... we'll see how far they'll push this ... ( Before someone mention it, I know all about the contractor rolls and fees, contango, natural erosion of those products .... etc... so any long term charting on this is heavily distorted... so no need to remind me here lol... I'm VERY short term on Natty anyway ... )
There is a little Nat
Posted by rbreese on 23rd of Feb 2023 at 11:05 am
There is a little Nat Gas play called TELL has big volume and good moves in case.
THANKS for heads up on
Posted by rbreese on 23rd of Feb 2023 at 11:01 am
THANKS for heads up on Nat gas and warmer weather too.
Warmer weather has been a
Posted by mla127 on 23rd of Feb 2023 at 11:16 am
Warmer weather has been a killer for Natty ... Europe dodged a bullet on this one too this winter ... maybe if weather gets above average for an extended period this summer, this will drive up power usage and avoid an excessive build up ... but from what I understand from a couple reads here and there, we are back with the same issues for Natty coming from the oil producing regions ... where they are making good money on Oil, and gas is just a by product and they just want it out and couldn't care less how much they get from it ...
Macro, i feel all commodities
Posted by buddha on 23rd of Feb 2023 at 11:24 am
Macro, i feel all commodities will be much higher over time, supply chain issues, access to capital, regional instability etc etc...That being said i'm averaged on BOIL at 6, and i'm not adding anymore til it's trending up. Will wait for proper setups on others as well. Only in natgas currently.