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.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.