NG...Back to normal...

Discussion in 'Commodity Futures' started by Overnight, Feb 4, 2019.

  1. bone

    bone

    You’re a much braver man than I Gunga Din. I need the market to tell me where it wants to go.
     
    #11     Feb 7, 2019
  2. maxinger

    maxinger

    all the best mister.

    I will probably archive NG chart till next winter.

    perhaps I might look at the chart during the weekly Thursday inventory news announcement.
     
    #12     Feb 7, 2019
  3. bone

    bone

    The Natural Gas Rig count has gone down (bullish), but the current warm weather (HDD data) has been quite bearish.
     
    #13     Feb 7, 2019
  4. bone

    bone

    I don't buy into that with the new production reality in North America. At all.

    Rolled, consolidated front month data:
    [​IMG]

    Isolated contract (in this case Jan 2020):
    [​IMG]
     
    #14     Feb 7, 2019
  5. maxinger

    maxinger

    Interestingly just now NG went down about 100 ticks (ie during mid Asian session) due to whatever reason (cannot be winter suddenly very warm?).

    wonder who are those traders. I doubt they are Americans as they are still sleeping.

    Price seems to be reversing to go up?
     
    Last edited: Feb 13, 2019
    #15     Feb 13, 2019
  6. bone

    bone

    Yeah, I saw that. No, big energy desks in Houston for example will have overnight staffing. And they have bespoke meteorologists on retainer so my guess is that a new weather forecast development is in play here.
     
    #16     Feb 13, 2019
    maxinger likes this.
  7. bone

    bone

    I have my doubts. US supply is ridiculous.
     
    #17     Feb 13, 2019
  8. maxinger

    maxinger

    That explains
     
    #18     Feb 13, 2019
  9. bone

    bone

    Monthly Continuous Consolidated (Rolled):

    [​IMG]

    Weekly Continuous Consolidated (Rolled):

    [​IMG]

    Daily Continuous Consolidated (Rolled):

    [​IMG]
     
    #19     Feb 13, 2019
  10. maxinger

    maxinger

    past 2 weeks, NG range from 2.55 to 2.7.
    for years, 2.6 is its comfort zone.

    Winter is over? Perhaps time to archive my NG chart till next winter.
    Perhaps I will take a peek during inventory announcement.
     
    #20     Feb 21, 2019