Feb NG seems too low.

According to my algo, natural gas is about to run up, but from what I can see by looking at Gas ETF's, the market hasn't woken up to it yet. GAZ, UGAZ, UNG, UNL (dumb money asleep)

 

We're getting single-digit overnight temps here in NE the next two days. That = lots of NG usage.

The price just "feels" too low at this time.

 

Whilst, in Australia.....

After Australia's hottest ever day, NSW braces for smoke, wind and fires
https://www.smh.com.au/environment/...for-smoke-wind-and-fires-20191218-p53l8x.html

 

Dude, you know they are upside down. They are approaching summer solstice! Of course it is going to be hot and fiery there! lol!

 

I honestly have to say, it breaks my heart to see NG trading $2.25 for Jan.

 

Don't know anything different, that's the trouble with us.

 

Short Mar/ long Sep NG futures is a spread I like .

 

Late Dec, 3.5T in storage. Ouch, ouch, and ouch...

The play might be, next summer trading 0. Oh look at the pretty flames on top of the wellhead... pretty, pretty, flames.

 

I don't think I will trade NG in summer.
There are other better things to trade.

 

Interestingly there are lots of NG contracts.

you can even trade NGZ32, ie contract that will expire 13 years from now.

I can see NG J27 contract with some open interest.