there's a new tropical wave perking things up.
If the funds have their way, however, it looks like they'd like to kill October as well, since they have been supporting the winter months at the expense of front ones. (ie xv spread)
Can Start Buying Natty Now
- Thread starter Comanche
- Start date
there's a new tropical wave perking things up.
If the funds have their way, however, it looks like they'd like to kill October as well, since they have been supporting the winter months at the expense of front ones. (ie xv spread)
Have to believe the shorts start to cover soon.
You're right, tropical wave on the way.
http://www.nhc.noaa.gov/text/MIATWDAT.shtml
This could be the big one alice!
http://www.nhc.noaa.gov/text/MIATWDAT.shtml
This could be the big one alice!
you've created a hybrid of Fred Sanford and Ralph Kramden! it's to the moon with Alice, the big one is Elizabeth. christ i'm old...
hope we get follow thru now that we've taken out 5.596. a bit later than i'd like (too must hesitation), but i'm long with a stop i hope does not get taken out...
Just like Sunday open week ago, last night large order on the open (about 250 contracts) sold to very thin market. Under all normal conditions, you'd just buy and enjoy 4-7 cents easy pullback. But there is no reason to buy this great commodity without weather and storms. Storage is full, they started filling it up little late this season, but now very well above 5-year average with production/demand beeing at same levels. Want to know what can happen? Look at Oct 06 contract. It expired at the very low of it's life - $4.195. Yeah, I know, Amaranth added to unusual moves.
I must say, however, I've been long myself, I also have been selling calls to protect my account. Sold sep 5.30 calls today at 10 cents when natty was at 5.25, they expire tomorrow.
I must say, however, I've been long myself, I also have been selling calls to protect my account. Sold sep 5.30 calls today at 10 cents when natty was at 5.25, they expire tomorrow.
a hammer in natural gas????
hope for the longs?
hope for the longs?
5.36..NGU07...expected for retest.
niiice... two trading days of good bullish price action.
where did all those elliot wave guys go??? are there more downward waves to come according to them?
i'll be convinced bottom is in if we get a few days of continuation AFTER contract expiration this week.
[opts exp is tonight]
wonder how -technical- this is vs:
A TROPICAL WAVE AND A BROAD AREA OF LOW PRESSURE LOCATED ABOUT
MIDWAY BETWEEN AFRICA AND THE LESSER ANTILLES ARE PRODUCING
DISORGANIZED SHOWERS AND THUNDERSTORMS. ENVIRONMENTAL CONDITIONS
ARE FAVORABLE FOR SOME DEVELOPMENT AS THIS SYSTEM MOVES WESTWARD AT
15 TO 20 MPH.
where did all those elliot wave guys go??? are there more downward waves to come according to them?
i'll be convinced bottom is in if we get a few days of continuation AFTER contract expiration this week.
[opts exp is tonight]
wonder how -technical- this is vs:
A TROPICAL WAVE AND A BROAD AREA OF LOW PRESSURE LOCATED ABOUT
MIDWAY BETWEEN AFRICA AND THE LESSER ANTILLES ARE PRODUCING
DISORGANIZED SHOWERS AND THUNDERSTORMS. ENVIRONMENTAL CONDITIONS
ARE FAVORABLE FOR SOME DEVELOPMENT AS THIS SYSTEM MOVES WESTWARD AT
15 TO 20 MPH.
buy signal triggered based on todays movement.