CL Redux

Quote from EON Kid:

looks very bullish, any targets?
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What crude or NG?
If is Crude I am going to wait until the Housing Market Index, at 10 AM. If it reacts positive, I will look for a break of 76.30.
 
I do not think it is wheather related, it is manipulation. fisrt I thought NG will go down to 2.8 at extreme, the weather becomes warmer and warmer, but hard to believe NG is climbing. so start to ignore the wheather factor and the inventory data, I reason: the only way to make money is take advantage of what is going on. what affects the price is not important all.
I no bothering to check the weather, no use. I start to short it now



Quote from Sarvise:

Just my two cents: I think the price went up because the weather forecast was 50% chance of a cyclone forming in the Atlantic and moving into the Gulf (and closing offshore NG rigs). You may want to keep an eye on the weather since this is Hurricane season (although it gets worse later in the summer).

EDIT: here you have a link: http://www.ft.com/cms/s/0/3b9fed2e-785f-11df-942a-00144feabdc0.html
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Quote from mrbochin23:

What crude or NG?
If is Crude I am going to wait until the Housing Market Index, at 10 AM. If it reacts positive, I will look for a break of 76.30.
More...

This is why this thread should be kept to crude discussions, not NG. schizo asked that NG discussions be relegated to its own thread to avoid such distractions.

Also, is everyone still trading July or have you rolled over to August yet? Do you wait until last day to roll over?
 
Quote from cstfx:

This is why this thread should be kept to crude discussions, not NG. schizo asked that NG discussions be relegated to its own thread to avoid such distractions.

Also, is everyone still trading July or have you rolled over to August yet? Do you wait until last day to roll over?
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I'll roll on Friday the 18th
 
Quote from trader198:

I do not think it is wheather related, it is manipulation. fisrt I thought NG will go down to 2.8 at extreme, the weather becomes warmer and warmer, but hard to believe NG is climbing. so start to ignore the wheather factor and the inventory data, I reason: the only way to make money is take advantage of what is going on. what affects the price is not important all.
I no bothering to check the weather, no use. I start to short it now
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Last post in regards to NG.
Natural Gas is used for cooling of commercial buildings.
CL related 7670 is 200dma
 
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