chartwatchers
Long

NatGas and seasonality

FX:NGAS   Natural Gas (Henry Hub)
291 6 14
Today is a higher high in NatGas again...
We are heading to 2.167 and 2.307 .(2.167 might not stop the price...)

I read a few top pickers report on the internet why Natural gas             will start to go down.
These top pickers' call is based on the seasonality :
"Summer is coming on the Northern part of the planet so NatGas will go down."
Actually NatGas has nothing to do with seasonality .In 2014 USA had one of the hardest winters and NatGAs price just halfed down.

I think the new bull market is starting here and that bull will not be scared of the summer. :D
Thinking of adding another 10% to my UGAZ postion. Nice pullback today, any thoughts on trade?
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chartwatchers PRO dimitriosb602
I would wait one more day. It's near a key reversal candlestick today, I think one more day of fall will come.
Add 5% and more 5% tomorrow and then you will feel better.
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dimitriosb602 chartwatchers
Thx :)
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dimitriosb602 chartwatchers
Added to position today.. Got in at a 5% decrease in price.. Thanks
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NGAS gaining steam should push through 2.17 level. Long UGAZ
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I like the thoughts of seeing 2.30. I think summer could actually help drive the price higher if we start to hear rumors of a hot summer forecast. Power plants are dumping coal and moving to NatGas. This will drive even higher consumption. Not guarantee bit it can have an effect.
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