Natural gas up >2% today. Back in my May post i was bullish. I remain so and short term we may get a pop up. Will be watching for a break up next few days from the "W" base pattern. For my longer term position I personally use use UNG. For shorter term trades I use the 3x: UGAZ when bullish and DGAZ when bearish.
As some authors have noted there is a tendency for natural gas to rise when oil falls which I think may happen near term. Also natural gas will likely with time continue to replace coal in many of the power plants. Plus Trump will I suspect be supporting liquid natural gas exporting.
www.ft.com/content/2...e8-92d3-6c13e5c92914
The stock LNG looks promising to me too. Check it out.
As some authors have noted there is a tendency for natural gas to rise when oil falls which I think may happen near term. Also natural gas will likely with time continue to replace coal in many of the power plants. Plus Trump will I suspect be supporting liquid natural gas exporting.
www.ft.com/content/2...e8-92d3-6c13e5c92914
The stock LNG looks promising to me too. Check it out.
Comment:
Took profits today on my leveraged position ( ugaz) today.
Trade closed: target reached:
Took profits today on UNG positions.
Comment:
Above is a good crab cake recipe pasted in by mistake :).
