Hope all profited in that last huge drop today. Price action didn't hit 9 like I wanted, so I got in a little late, but still got in at 8.2 and got out at 7.2 for a very nice 1000 point profit in a couple hours!!
NICE!
With the hot weather across the U.S. and the LNG terminal damaged, I'm expecting price to go back up - not sure how high, but I put in a Buy Order at 7.5 expecting it to go to at least 8, but I'm hoping 8.2
Stay safe and congrats to all who made some serious money!! :-)
@stocksHunterUS, I hear ya....it's leveling off now, so it's either going to jump up or down overnight tonight....we shall see
stocksHunterUS
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@HEIKOTradingSystem, for me it's not an overnight thing. It's a long term correction. I am talking about 3 years or so.
MariusPopa
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@HEIKOTradingSystem You placed a buy stop at 7.5? Why not placing it now at 7.3?
HEIKOTradingSystem
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@MariusPopa, Just in case price comes up to 7.3 and grabs me and then crashes. lol If it gets up to 7.5 then it should keep going up some (a little momentun) - I hope :-)
kpyogendran
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Hi Dude - Freeport LNG production is suspended until September 2022. So its a Bearish news for Natty boy. I would assume 6.5 to 5.8 would be coming soon. liquified gas from freeport is stored in US stockpiles which is a bearish .. eventually it might move higher but in the interim i would expect to come down until 5.8 to grab more buyers.
HEIKOTradingSystem
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@kpyogendran, hmmmmm - I thought with no production, no supply, therefore price goes up?
kpyogendran
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@HEIKOTradingSystem, The recent price surges in Natty boy is about US is well below 5 Year AVG in Storage and the export has been increased from 10% to 13%. So demand was there. Now with Freeport plant is down, US will get chance of filling the deficient Natty into Storage and at the same time export from Freeport is stalled which is 2%.. so overall Demand is going to be down and meets the supply .. we have to wait a bit .. so i presume 6.5 or 5.8 would be retested to grab more buyers!!
HEIKOTradingSystem
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@kpyogendran, aahhhh - ok - thank you for the explanation - I appreciate it.
Divergencify
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Congratulations, you are on winning streak. Take care