Can Start Buying Natty Now

you mean lifted his leg and blew an NG fart?

 

Yeah - can't find an entry. I'm just watching at this point. It's amazing - we hit 6.001

I was going to short at 5.999 but it never came. We'll see - i'm probably going to call it a day - but we may have one more leg down before the close.

Here we go - I maybe

 

I'm done for the day - you guys are probably right - it's getting exhausted.

do you re-cap after the close guys - i'm turning my monitors off.

 

I'm surprised there wasn't a stop run and we held $6.

 

See above for my post from July 12th citing much lower targets.
Wave iii inside of Wave 5 to the downside in progress.
Next major support at 5.74

 

There was also no short covering scramble rally.

 

whichever party or parties are doing this is not enabling any confidence in the longs.

let this activity be a lesson to those (including myself) who think they can trade off such arcane statistics as net short vs. long interest. the reality is that any physical market (nymex gas) can be moved far from "fair value" if there exists a side by side price-arbitraged financially settled market that doesn't require the closing of positions at expiration by speculators (ICE).

 

Getting close to the buy of the year.......

 

I agree with you. This is hardly support now.

Where's the guy who keeps buying the dips? Did you close out those longs or are you holding on.

 

No dip buying today!

5.50/5.750 looks like potential support?

I am not in this game to catch falling knives, and would rather pay up then get runover.

I really do not wanna be long August for too long either.
Sep liquidity should start to pick up soon.

good trading,

el surdo