NGAS Interesting to see injection below forecast and a price rally beforehand. I wish I had a suitcase of cash to bribe the EIA for that data a day early.Natural Gas (XNGUSD) forum
NGAS Interesting to see injection below forecast and a price rally beforehand. I wish I had a suitcase of cash to bribe the EIA for that data a day early.NGAS Demand from weather was updated to high:natgasweatherDOTcom
June 18-24: The southern 2/3 of the US and up the East Coast will be very warm to hot w/highs 80s-100s. Most of the northern 1/3 of the US will be comfortable w/highs of 60s to 80s. For this weekend into next week, hot high pressure will build over the eastern ½ of the US w/mid-80s-90s, while the West cools due to weather systems. Overall, High national demand the next 7-days.
NATGAS As I said, thinks looking bad, supply disruption is severe. Price can jump high to the extreme
NATURALGAS My 4.03 target is reached, and now it looks like the 4.13 to 4.36 mega gap down of Jan. 03, 2023 will be challenged again.NGAS Here is a more pessimistic AI sentiment view when storage levels are added to the picture. Maybe it's a good argument to wait for a top and short it. I don't know why it's flying other than another Trump-tard effect:While the recent price action was bullish, the overwhelming bearish signal from the storage data suggests that natural gas prices are more likely to face downward pressure or trade sideways with a bearish bias for the remainder of the week. The market is likely to absorb the implications of a sustained period of significant oversupply.
NATURALGAS i hoping little pullback to 3.89NATURALGAS 4.03 is still my targetNGAS The rest of the market is kindly helping this gentle pullback.
NGAS next stop $4.2. I currently have no positions on but i will be interested in shorting if we reach $4.2