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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Warmer weather has been a
UNG - Natgas : Inventory out, draw of -71BCF (Expected ...
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.