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Nat Gas anyone?

  • #281
  • Jan 6, 2020 3:34pm Jan 6, 2020 3:34pm
I think I can finally say with some confidence that NatGas is heading higher, or at least has hit a short-term bottom. Check out this link: https://graphical.weather.gov/sector...sWeek.php#tabs

The US is finally going to get a cold weather system to sweep across the country and it's going to bring snow across many states heading into the end of this week and over the weekend.
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  • #282
  • Jan 7, 2020 12:15pm Jan 7, 2020 12:15pm
NatGas showing some signs of strength here. 15M chart:
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  • #283
  • Jan 7, 2020 12:26pm Jan 7, 2020 12:26pm
Here's another good link for tracking US weather outlook (loop): https://www.accuweather.com/en/us/na...-forecast-maps
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  • #284
  • Jan 8, 2020 9:58am Jan 8, 2020 9:58am
Added some longs @ 2,129
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  • #285
  • Jan 8, 2020 1:49pm Jan 8, 2020 1:49pm
Quoting Ll1979
Added some longs @ 2,129 {image}
Sold near PivotPoint
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persistence and determination alone are omnipotent
  • #286
  • Jan 9, 2020 1:29pm Jan 9, 2020 1:29pm
Quoting Ll1979
{quote} Sold near PivotPoint {image} {image}
And its back and above that level from yesterday....

My brokers spread just went too high on this cross, making it a little risky for me to trade more so given this sideways/erratic behavior its got, only reason why i wont sell the current handle is the fact that when it does break, it gets going.....so looking to play it on the safe side with this one for now till it genuinely begins trending...
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  • #287
  • Jan 9, 2020 1:54pm Jan 9, 2020 1:54pm
Quoting MzansiObi
{quote} And its back and above that level from yesterday.... My brokers spread just went too high on this cross, making it a little risky for me to trade more so given this sideways/erratic behavior its got, only reason why i wont sell the current handle is the fact that when it does break, it gets going.....so looking to play it on the safe side with this one for now till it genuinely begins trending... {image}
Last couple of days there were some really nice trading opportunities (buying 2,11/2,12 and selling it at 2,15 area) Keep growing that account and switch to futures (tight spread).
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  • #288
  • Jan 11, 2020 2:56am Jan 11, 2020 2:56am
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persistence and determination alone are omnipotent
  • #289
  • Jan 11, 2020 2:19pm Jan 11, 2020 2:19pm
What's next for gas ?


https://www.forexfactory.com/showthr...5#post12698585
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  • #290
  • Jan 13, 2020 8:22am Jan 13, 2020 8:22am
Quoting kuroro001
What's next for gas ? https://www.forexfactory.com/showthr...5#post12698585
Although weather forecasts are subject to a pretty wide margin for error, it's hard to dispute this forecast: https://weather.com/forecast/nationa...k-forecast-the.

It's already been one of the warmest winters in the US and it looks like that trend will continue. Unless this changes I don't see Natural Gas having too much upside potential at all. Having said that I'm not sure I'd try to short NatGas during the middle of the US winter.
We must learn who is gold, and who is gold plated
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  • #291
  • Jan 13, 2020 9:12am Jan 13, 2020 9:12am
Quoting EventsTrader
{quote} Having said that I'm not sure I'd try to short NatGas during the middle of the US winter.
There is nothing stopping prices going lower. I'm short, have been for ages, like since early/mid Nov. Intuition tells me that my luck will run out, though.
  • #292
  • Jan 13, 2020 9:17am Jan 13, 2020 9:17am
Quoting LloydOz
{quote} There is nothing stopping prices going lower. I'm short, have been for ages, like since early/mid Nov. Intuition tells me that my luck will run out, though.
The fundies are on your side. I'm not in NatGas but if I were forced to take a side, I'd be short. As long as this warm weather in the US keeps up, there's downside risk. The US-Iran escalation is another factor that could put downward pressure on NatGas prices.
We must learn who is gold, and who is gold plated
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  • #293
  • Jan 13, 2020 10:41am Jan 13, 2020 10:41am
Quoting EventsTrader
{quote} The fundies are on your side. I'm not in NatGas but if I were forced to take a side, I'd be short. As long as this warm weather in the US keeps up, there's downside risk. The US-Iran escalation is another factor that could put downward pressure on NatGas prices.
Much of the fundies are in favor of the bears making new lows likely only cold weather(polar vortex) could change that. In case of a scenario like that a short squeeze might trigger those massive shorts to cover.

I try not to be biased and trade current ranging market conditions (shortterm timeframes).
persistence and determination alone are omnipotent
  • #294
  • Jan 13, 2020 11:11am Jan 13, 2020 11:11am
Quoting Ll1979
Much of the fundies are in favor of the bears making new lows likely only cold weather(polar vortex) could change that.
I agree here 100%
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  • #295
  • Jan 13, 2020 11:14am Jan 13, 2020 11:14am
Nat looking really crazy at the moment
rennstimp
  • #296
  • Jan 15, 2020 8:03am Jan 15, 2020 8:03am
NG heading towards new lows @ H4
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  • #297
  • Jan 15, 2020 9:13am Jan 15, 2020 9:13am
Quoting Ll1979
NG heading towards new lows @ H4 {image}
Sure enough. Fresh lows were hit. Even with some US cold weather in the upcoming outlook, NatGas is falling.
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  • #298
  • Jan 15, 2020 10:06pm Jan 15, 2020 10:06pm
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  • #299
  • Jan 16, 2020 1:04pm Jan 16, 2020 1:04pm
I guess we're heading towards new lows on H4
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persistence and determination alone are omnipotent
  • #300
  • Jan 16, 2020 2:11pm Jan 16, 2020 2:11pm
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