Natural gas on Friday closed near the lows of the session but hitting extreme support.
Over the weekend news hit the tape about colder weather reports and increased snow.
This has sent Nat gas roaring up over double digits.
In our group we swung UNG 10.50 calls which should be up over 1000%
There is a strong thesis that this week the shorts will be caught off guard and forced to cover which could add more fuel to the fire.
The inventory report on Thursday will be interesting to see and price may stay firm into the report.
Over the weekend news hit the tape about colder weather reports and increased snow.
This has sent Nat gas roaring up over double digits.
In our group we swung UNG 10.50 calls which should be up over 1000%
There is a strong thesis that this week the shorts will be caught off guard and forced to cover which could add more fuel to the fire.
The inventory report on Thursday will be interesting to see and price may stay firm into the report.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.