Agreed!!! Kudos to Matt, Steve and the team.

Thank you Matt - your thoughts and details are most appreciated! good luck and good energy going forward.

what a great analogy .... thanks for sharing ... 

https://stockcharts.com/h-sc/ui

VXX Coiling on the 5min

entered an initial small position @ $10.55 > 

DBC - double bottom > oil and sugar at new lows lately - this might be worth watching.

Chart Link -  https://stockcharts.com/h-sc/ui?s=DBC&p=120&b=5&g=0&id=p36473941960&a=744755639&listNum=2

The 2hr chart for UNG with 10EMA shows price bouncing nicely and approaching the 200SMA with a recent cross of the 20SMA and 50SMA.  Watching closely tomorrow.

Chart Link

Interesting, and thanks for posting.  I got my ass handed to me in a natgas trade made in Nov19 > Feb20.  I have been back in and sold UNG recently, though still holding a minor position.  In addition to the technical, there are fundamentals that could also support the notion that NatGas will continue to push higher.  As always,a caution, there is also a thesis that could see it test lows again (Apr 5 / 16 around $1.50).  Futures are currently continuing to support a move higher at this time.  As with so many different aspects of the markets, unprecedented territory, have a plan, trade your plan.

Thanks Puma, hear ya, and understand that perspective.  It is similar in my sphere.  The polarization of the conversations of today in general.  Whether it climate or energy.  Apparently you're not supposed to challenge the status quo.  I remember something from a long time ago, when everybody else is thinking the same thing, someone is not thinking.  Good luck and good energy with your trading, take care, be safe.

Thanks Steve - did my disciplined best and followed this advice today.  Feeling good about the gains since late Mar.  Thank you again for all your fabulous guidance and thoughts/notes/ideas.  Keep up the awesome work!

I went for a walk in nature yesterday and was walking along the river.  The ice had recently broke free and the river was flowing fast.  I walked past an area where there was a very small back-eddy, a backwater reversal.  I thought at the time, that's the same as different time frame in charts.  If all I was looking at was the direction of the backflow I would not see that the remainder of the river is actually flowing in the other direction.  Reminded me of the importance of looking at multiple time frames depending on your objectives and risk tolerance.

That's a good way to put it - from all the data and all the analysis - what you expect to happen - most likely will not - and what does happen is something you probably did not expect - hence the advice of Matt and Steve and this site - manage your positions in accordance with your plan and risk tolerance.

" ... when the imbalance has clear signs of improving." there is no certainty in early triggers - an extremely valuable and important comment to make about oil and trading commodities in general.  Thanks Steve.

you have to pay a shipper to take it from you.

to the best of my knowledge, below $10 for KSA and above $40 for the UK. Average is I believe in the $26 range.  But there are a lot of 'factors' that apply to the figures for each country.

A Three Island Top? on the 60min. always watching and learning.

I've been with Matt and Steve since 2009 - they simply are amazing!!  Keep up the great work folks!

That is such a good point - sometimes we have to pay attention to what is not being said.  I remember one of the best lessons I ever learned in my trading was, it is not what you win, but what you do not lose. take care.  play safe.

March 2016 (1.611), April 2012 (1.901), January 2002 (1.850), September 2001 (1.760), March 1999 (1.650), January 1992 (1.040).  I would appreciate your thoughts, thanks in advance.

NGF20 touched 2.270 and then closed @ 2.313 > where to next ?