Picking up a little UNG here around 12.30 - I'm willing to build this position over a longer period of time as long as UNG tracking doesn't break down.
I wish I would have seen a little more of a breakdown but I'll buy slowly and patiently.
As I see it, it would be harder for the sentiment to get much more negative surrounding nat. gas barring a huge natural gas explosions that kills several endangered species of puppies and kittens.
I still have a couple of Oct 15 calls
Also Breaking News:
According to Bloomberg today the El Nino effect developing is probably going to make this hurricane season lighter then normal.
Then the article goes on to say it could also make it worse then normal.
So there you have it, prepare for season that is going to be:
1. Lighter then normal
or
2. Heavier then normal
What would we do without this insight?
Article: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFU7peSD1U2o
I wish I would have seen a little more of a breakdown but I'll buy slowly and patiently.
As I see it, it would be harder for the sentiment to get much more negative surrounding nat. gas barring a huge natural gas explosions that kills several endangered species of puppies and kittens.
I still have a couple of Oct 15 calls
Also Breaking News:
According to Bloomberg today the El Nino effect developing is probably going to make this hurricane season lighter then normal.
Then the article goes on to say it could also make it worse then normal.
So there you have it, prepare for season that is going to be:
1. Lighter then normal
or
2. Heavier then normal
What would we do without this insight?
Article: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFU7peSD1U2o
2 Comments:
Lenard:
This chart looks like a complete train wreck. What am I missing????
John
Hey John,
I believe for several reasons that UNG will be higher over the next 6 to 12 months and it has nothing to do with charts.
If you want a trade with a shorter time frame take a look at UNG vs. USO as a pair long UNG short USO, which has recently been working and looks like it still has some more life in it.
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