Justin's Playground

DOM trading......

https://www.elitetrader.com/et/threa....347036/page-3

UGAZ & DGAZ Delisted: https://www.prnewswire.com/news-rele...301080971.html



Somewhat old news but just in case you didn't know that. Poor Ricky...

Although current S.Korean gov is pro N.Korea, anti U.S. left wing nationalist, historically S.Korea was one of the strongest U.S. allies. During Vietnam war, nearly 5000 S.Korean soldiers died fighting against N.Vietnam communists as a member of allies.
Happy 4th of July. God Bless America !!

Coincidence? Murphy's Law?

If you are finding real-time trading traders, Ricky's one of them. Anyway, trading is not his main source of income. His main source of income is his Youtube channel and Training Courses. His account is only $50K. He makes money sometimes, he loses money sometimes. It doesn't impress me much. His latest real-time trading video:


I have membership and have access to his daily live trading session. However, I stopped visiting the session months ago cause it's mostly boring and his performance is just so-so in the long run.

Another one:

Warren Buffett Makes $10 Billion Natural Gas Purchase

https://www.barrons.com/articles/nas...ry-51593779400

Warren Buffett’s Berkshire Hathaway is buying Dominion Energy’s natural gas storage and transmission assets in a deal worth a total of $9.7 billion, the company said in a release Sunday.
Once the deal closes in the fourth quarter of 2020, Berkshire Hathaway’s (ticker: BRK.A) energy subsidiary will gain ownership of 7,700 miles of natural gas pipelines, vast storage facilities, and a 25% stake in a liquefied natural gas export, import, and storage site in Maryland.
“We are very proud to be adding such a great portfolio of natural gas assets to our already strong energy business,” Berkshire chairman Buffett said in a statement. “This premier natural gas transmission and storage business has been operated and managed in a best-in-class manner,” Berkshire Hathaway Energy’s president and CEO Bill Fehman said.
Buffett is usually a bargain hunter during significant market downturns, placing big bets on Goldman Sachs (GS) and General Electric (GE) during the financial crisis when both firms welcomed an injection of cash and a mark of confidence during a time when both were scarce. But until this purchase, Buffett hasn’t made similarly large acquisitions during the coronavirus pandemic. In part, that is because the U.S. Federal Reserve and Congress have acted relatively swiftly and on a grand scale to provide monetary and fiscal support to American businesses, cutting down on the number of distressed companies that need Buffett’s capital and are willing to do so on his sometimes steep terms.


https://www.cnbc.com/2020/07/05/warr...lion-deal.html

1. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy.
2. Including the assumption of debt, the deal totals almost $10 billion.
3. It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March.
4. For Berkshire, the move greatly increases its footprint in the natural gas business.
5. With the purchase, Berkshire Hathaway Energy will carry 18% of all interstate natural gas transmission in the United States, up from 8% currently.

Natural Gas is King for USA Electricity Generation

U.S. Dominance In The Natural Gas Sector Is Growing

The U.S is #1 in natural gas production and represents a 23% global share.
https://www.forbes.com/sites/rrapier.../#5a26d9dc1de5

Free MotiveWave

They announced a free version of MW with limited features. MW is somewhat buggy but if it's free like Thinkorswim, why not? For Pros, I still think Sierra Chart or Ninja Trader are better options. Forex is also supported (via Oanda or FXCM demo/live account). Java support like JForex is a good thing for Java fans.

https://www.elitetrader.com/et/threa...ftware.347198/
http://motivewave.com/products/products.htm

My latest war room. I reduced the number of monitors. Mostly only two monitors are active during the day. Now hardly use Windows PC, only use it to occasionally watch Neflix movies with wider monitor attached. My day starts when Tokyo opens. I turn on Bloomberg TV and MotiveWave first, then read Fxempire.com Nat Gas daily analysis. Lastly, I check Twitter news and Elitetrader.com and Forexfactory. As a Nat Gas spread trader, I spend very minimum time for trading which I like the most. I spend my day playing PS4 games, watching Netflix and taking some walk if it's not too hot outside. I love this job!!

Nat Gas is heading to $2.00. Nat Gas exceptionally well respects moving averages especially 50 & 200 EMA by the way.
https://www.fxempire.com/forecasts/a...reakout-659762

LNG: An Evolution in Energy

https://www.eia.gov/outlooks/steo/

Margin Called !! Good-bye Forex ~~

Global LNG projects jeopardized by climate concerns, pandemic delays -report

https://www.hellenicshippingnews.com...delays-report/

Prospects for nearly half of the world’s projects to build infrastructure for exporting liquefied natural gas have faltered in recent months, amid rising concerns about climate change, public protests and delays due to the coronavirus pandemic, according to a report published Tuesday.
Out of 45 major LNG export projects in pre-construction development globally, at least 20 – representing a capital outlay of some $292 billion – are now facing delays to their financing, researchers at Global Energy Monitor found.
That marks a stark shift by investors away from what many had considered a promising fuel market, already buffeted by slower growth in demand, rising competition from renewable energy technologies and opposition over the industry’s climate-warming emissions.
The vice president of the European Investment Bank said the report underlined the unacceptable risk of investing in LNG assets.
“Investing in new fossil fuel infrastructure like liquefied natural gas (LNG) terminals is increasingly an economically unsound decision,” Andrew McDowell told Reuters in an email.
The bank had announced in November that it would stop financing fossil fuel projects at the end of 2021.
The LNG industry has made big bets on a more positive outlook, as many analysts have predicted that demand would outstrip supply sometime in the next decade.
Companies committed $160 billion to $170 billion to new LNG export terminal construction around the world in 2019, almost triple the roughly $65 billion committed in 2018, said researchers at the San Francisco-based non-profit research group.
In total, companies had announced plans to build $758 billion of projects that are as yet in the pre-construction phase. But with 20 projects now in jeopardy, including nine in the United States, that planned capital outlay could be reduced by $292 billion, or 38%, if the delays persist indefinitely, the researchers told Reuters.
“LNG infrastructure faces the risk of becoming stranded assets and should be avoided,” said Erik Fransson, head of the fund department at the Swedish Pensions Agency, which has $12 billion of assets under management.
Meanwhile, the pace of LNG terminal development has been pushed back by at least 18 months since the pandemic, the authors said.
“The sector is really shut down at the moment in terms of advancing further new projects,” report co-author Ted Nace, executive director of Global Energy Monitor, told Reuters.
LNG investment has had strong government support in many countries. And oil companies in the United States, Europe and elsewhere still plan to boost LNG exports over the next decade.
That has raised worries that resulting emissions of carbon dioxide and methane could make it harder to achieve the temperature goals in the 2015 Paris climate accord.
Though burning natural gas emits less planet-warming carbon dioxide than coal per unit of energy produced, climate scientists have warned that the industry’s rapid growth as well as leaks of methane – a potent greenhouse gas – threaten progress in limiting climate change.
As for future projects, 12 companies had said at the start of this year that they planned to make final investment decisions in 2020 to build new LNG export plants in North America, according to a Reuters survey. That total is now down to four, and analysts only expect one project to move forward this year.
Source: Reuters (Reporting by Matthew Green; Additional reporting by Scott DiSavino in NEW YORK; Editing by Katy Daigle and Lisa Shumaker)

Natural Gas Is Rebounding. 3 Stocks to Play the Move. - Barron's

https://www.barrons.com/articles/nat...medium=twitter

Very hot weather is expected to hit the U.S. next week, and that could be good news for natural gas producers. Air conditioners will be running at full throttle to keep homes cool during the heat wave, and natural gas accounts for an increasing portion of electricity generation.
EBW Analytics Group CEO Andrew Weissman says that analysts are anticipating “some of the hottest mid-July weather on record.”
That heat wave and other factors are making analysts and investors more bullish on natural gas. Natural gas futures hit lows of $1.48 per million British thermal units on June 25, and averaged just $1.63 in June, the lowest monthly price since at least 1989 on an inflation-adjusted basis, according to the Energy Information Administration. The slump was brought on primarily by extremely low demand as the coronavirus forced lockdowns around the country.
But futures have since rebounded, rising more than 20% since the lows. Futures were trading around $1.85 per million BTUs on Thursday. The rally could continue. The EIA predicted this week that natural gas will average $3.10 per million BTUs next year.
“EIA expects falling production will put upward pressure on natural gas prices through the end of 2021,” the agency said.
Analysts have also predicted that natural gas will benefit from a decline in oil drilling in some parts of the country. Oil drillers produce associated gas that has increased gas supply and caused prices to slump. But the coronavirus has resulted in decreased oil drilling, and thus less associated gas.
With a possible price rebound on the horizon, MKM Partners analyst John Gerdes upgraded his rating on three natural gas producers to Buy: Range Resources (ticker: RRC), CNX Resources (CNX), and Southwestern Energy (SWN).
Gerdes set a new “long-term equilibrium” gas price at $2.80, a level at which more producers can make money (though some argue that gas prices have to hit $3.50 before the industry becomes solidly profitable).
He values each company based on a cash flow analysis. Gerdes expects Range to generate about $1.3 billion in free cash flow between 2021 and 2025, or about 75% of its current market cap.
His price target on Range is $9. Shares started the day up, but fell 1.1%, to $6.56, around 11 a.m.
His price target on CNX is $12. Shares were up 0.6%, to $8.84.
His price target on Southwestern is $4. Shares also began the day in the black, but fell 1.9%, to $2.63, around 11 a.m.

this week I look for buy NG and target last week' high.

$2.00 (50 EMA of August contract) is a good short term target I believe......
By the way, MT5 is a poor platform for futures trading. MT4 & 5 are both designed for forex.

(barchart.com)