'NG capitulation day' - I don't know if it is or it is not & no one else knows either. Only time will tell. But, Nat Gas continues to be punished for all the right reasons.
I am waiting & itching to get into Nat Gas again, not UNG in specific, but Nat Gas as a sector. Just about every pure Nat Gas play is @ 52-week lows for a good reason.
But, no way baby, not yet. But, it may be getting close. Myself, I will wait for confirmation (i.e. evidenceof production decreasing). That has NOT happened still, so I wait...
Record high temperature in LA combined with seasonal historical lows in other place is not going to effect the price of commodities.. only yada yada matters..
And this is Monday.. what would have the reason for a commodity collapse other than fraud?
So you are saying that there is no bottom for NG this time of year.. arent you..
I didnt know that NG- m-afia has that much control.. but I guess they do.. and then what.. cant they hold it forever or would they buy and turn the tables.. as usual..