You can say the same thing about a million consumer items - televisions, integrated circuits, etc. etc.. I challenge your premise that HH NG at $1.78 is a loss leader. To be specific - the technology and equipment costs to bring Natural Gas to market in the late 1990's (specifically Gulf of Mexico offshore drilling rigs) was by any metric more expensive than current fracking costs.
dunno, but readying to offload my hydrocarbon positions and loading up on alternatives, even if I've missed the boat for the year.
I'm not a nat gas trader, but I dabbled a few months ago and bought a few LEAPS puts ATM that are now up about 60 percent. Wondering if I should take my profits, in case of a price spike, or hold on, at least untill just before hurricane season.
If you are not a NG trader but dabbled and are now up 60%, then take your profits now and see how hurricane season might affect those prices. Remember, hurricane season starts on June 1st, so it is a bit away.
Just took a few contracts long H/J yesterday. The OI is still high on H so there must be a lot of shorts who still need to roll. If it finds momentum...
Exactly. That is what I was asking dcwriter...If you do not know how hurricane season may affect their prices, then better to take profits now and watch NG though the hurricane season, to see how it affects them. This way next year, if he is in the same predicament, he will have a better gauge with which to decide if he should hold on for longer, or take profits now.
Natural Gas on Verge of Multiyear Bull Run: Equinor's Potter In this edition of "Futures in Focus," Nick Potter, Equinor head of North American gas trading, sees natural-gas production "falling off a cliff." He speaks on "Bloomberg Markets." (Source: Bloomberg) November 12, 2020 4 days later ... Natural Gas Is Worst Performer Among Top Commodities on Weather By Gerson Freitas Jr U.S. natural gas futures plunged the most in more than a month, making the fuel the worst performer among major commodities, as milder autumn forecasts stoked concern that a warm winter will crush heating demand. November 16, 2020 anyway, day traders love trading NG. Most likely it should be great for day trading for the next few days / weeks
Over the Winter (and the Summer for that matter) Natural Gas is all about the weather forecast. When I traded Commercial Energy, we had a bespoke meteorological firm on retainer.