Nymex NG futures gapped up during this week's opening. Up it goes again. This winter must be rather cold. Or perhaps US sold too much NG to Europe?
Nymex NG futures margin is very high at $12K. A few months ago, the margin requirement was only $3.5K!!! yesterday day range was very big 700 ticks (14%) equivalent to $7000 / lot mini NG futures margin is at $3K.
The Grinch is confidant KOLD is going to 22 by Jan 31st. That's quite a move from 8.09. It's cold outside, hockey anyone ?
12 Jan - Nymex NG futures up massively by 700 ticks (14%) I guess the professional writers / news reporters would say inventory was down. 13 Jan - down massively by 600 ticks (equivalent to $6000/lot). I guess the professional writers / news reporters would say inventory was up.
KOLD at 6.03 ( 1.21 presplit equiv. ). Some guys on here really were on the wrong side of the trade. I don't care how you day trade it you should never be long something that is down 89.4% ytd. You could have just bought some Cdn Nat Gas stocks and relax all year.