Feb NG seems too low.

themickey · Dec 18, 2019

According to my algo, natural gas is about to run up, but from what I can see by looking at Gas ETF's, the market hasn't woken up to it yet. GAZ, UGAZ, UNG, UNL (dumb money asleep)

Overnight · Dec 18, 2019

We're getting single-digit overnight temps here in NE the next two days. That = lots of NG usage.

The price just "feels" too low at this time.

themickey · Dec 18, 2019

Overnight said:
We're getting single-digit overnight temps here in NE the next two days. That = lots of NG usage.

The price just "feels" too low at this time.

Whilst, in Australia.....

After Australia's hottest ever day, NSW braces for smoke, wind and fires
https://www.smh.com.au/environment/...for-smoke-wind-and-fires-20191218-p53l8x.html

Overnight · Dec 18, 2019

themickey said:
Whilst, in Australia.....

After Australia's hottest ever day, NSW braces for smoke, wind and fires
https://www.smh.com.au/environment/...for-smoke-wind-and-fires-20191218-p53l8x.html
View attachment 215511

Dude, you know they are upside down. They are approaching summer solstice! Of course it is going to be hot and fiery there! lol!

Wheezooo · Dec 18, 2019

Overnight said:
We're getting single-digit overnight temps here in NE the next two days. That = lots of NG usage.

The price just "feels" too low at this time.

I honestly have to say, it breaks my heart to see NG trading $2.25 for Jan.

themickey · Dec 18, 2019

Overnight said:
Dude, you know they are upside down.....

Don't know anything different, that's the trouble with us.

daniel5198 · Dec 19, 2019

Overnight said:
Everyone is clamoring about how warm the US is, and we gots so much NG. But Feb NG prices seem low compared to Jan. Spike it north when everyone gets a winter blast and freaks out and fires up the stoves.

Short Mar/ long Sep NG futures is a spread I like .

Wheezooo · Dec 19, 2019

maxinger said:
I will give NG few more days to perform.
after that, I will remove NG chart from my active workspace and move it to archive folder.

Late Dec, 3.5T in storage. Ouch, ouch, and ouch... :vomit:

The play might be, next summer trading 0. :sneaky:

Oh look at the pretty flames on top of the wellhead... pretty, pretty, flames.

maxinger · Dec 19, 2019

Wheezooo said:
Late Dec, 3.5T in storage. Ouch, ouch, and ouch...

The play might be, next summer trading 0. Oh look at the pretty flames on top of the wellhead... pretty, pretty, flames.

I don't think I will trade NG in summer.
There are other better things to trade.

maxinger · Dec 19, 2019

Interestingly there are lots of NG contracts.

you can even trade NGZ32, ie contract that will expire 13 years from now.

I can see NG J27 contract with some open interest.