Coming in outta the KOLD ... crushing natural gas

[maxinger]

Nymex NG futures gapped up during this week's opening.

Up it goes again.
This winter must be rather cold.
Or perhaps US sold too much NG to Europe?

 

[maxinger]

Nymex NG futures margin is very high at $12K.
A few months ago, the margin requirement was only $3.5K!!!

yesterday day range was very big 700 ticks (14%)
equivalent to $7000 / lot


mini NG futures margin is at $3K.

 

[Overnight]

...

yesterday day range was very big 700 ticks (14%)
equivalent to $7000 / lot...

That's why they call it the widowmaker.

 

[Nine_Ender]

That's why they call it the widowmaker.

The Grinch is confidant KOLD is going to 22 by Jan 31st. That's quite a move from 8.09. It's cold outside, hockey anyone ?

 

[maxinger]

12 Jan - Nymex NG futures up massively by 700 ticks (14%)
I guess the professional writers / news reporters would say
inventory was down.



13 Jan - down massively by 600 ticks (equivalent to $6000/lot).
I guess the professional writers / news reporters would say
inventory was up.

 

[Overnight]

...
13 Jan - down massively by 600 ticks (equivalent to $6000/lot).
I guess the professional writers / news reporters would say
inventory was up.

Except it wasn't. Inventory was down more than expected. Thus, the widowmaker moniker.

 

[Nine_Ender]

KOLD at 6.03 ( 1.21 presplit equiv. ). Some guys on here really were on the wrong side of the trade. I don't care how you day trade it you should never be long something that is down 89.4% ytd. You could have just bought some Cdn Nat Gas stocks and relax all year.