Nat Gas continues to flex it muscles through this cold front.
Demand has certainly increased and is likely going to stay firm into the Feb 8 week, as we get updated forecasts that are expected to warm up.
Resource stocks remain strong which should support Nat gas pushing a bit higher.
If Nat Gas pushes up another 10% we will be trading into an extreme 3 standard deviation move. This open up the probabilities of a sharp pullback.
UNG volume has been excessively high on recent weeks.
We have trimmed some of our resource stock longs... selling into strength but letting runners run.
Demand has certainly increased and is likely going to stay firm into the Feb 8 week, as we get updated forecasts that are expected to warm up.
Resource stocks remain strong which should support Nat gas pushing a bit higher.
If Nat Gas pushes up another 10% we will be trading into an extreme 3 standard deviation move. This open up the probabilities of a sharp pullback.
UNG volume has been excessively high on recent weeks.
We have trimmed some of our resource stock longs... selling into strength but letting runners run.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.