NATGAS Pretty much as expected, we continue to grind higher. Jan forecasts are looking colder, but also the expected warm week next week is starting to show signs of being cooler too.
Not much else to watch for at the moment. We're at the mercy of exports and production. I expect exports will pickup tomorrow, might add fuel to the rally.
If you're not sure about buying or selling at this level, the market has some interesting opportunities elsewhere. I'm personally watching Platnium. Looking like a great setup.
Not sure if it will move higher, report was -1 lower than expectations, it was already priced in on Tuesdays move, and next week is berish report expected. We are still on a new HH for the week, but we didn't had a proper HL from Tuesdays move
Exited now, it is getting tiredness to hold 9 hrs still it is above sup. 9.7% so now avg total ROI 6.5% fair. Not the wild 2-4X like options, but far less headache when it miss an entry. Solid RGC. Let’s see when this turns into a right pain in the backside.🤭🤣
Robpoll Good for you 😊! I’m not even close to your level—knock off 100K, and then I’m near to you! Made it from index options but got so frustrated with SEBI rules and those crazy spikes trying to switch over to energy and metals instead.
NATGAS Production is coming off quite a bit, hanging around at 103.4bcf, which is quite low considering demand.
Exports have dropped significantly to 14bcf. The reason is, Corpus Christi Natgas intake has dropped significantly as they prepare to open their new export terminals. So it's bearish, but only temporary.
Plaquemines is still chugging away, taking on more and more NG each day.