ok. no prob on thumb action here...thick skinned.... I guess I was hoping we can flush out a good indicator(s) for a bottom in case its needed. there may be more to it than just the technicals sure looks to melike last march and half of april she really ground down.
everythings gonna be just fine. I mean we've run up since feb 16, its injection season and we are double the price of coal. What can possibly go wrong.
Most of you that read my posts know that I'm very bullish on nattie. Today I sold the last of my long stuff for some tidy sums. Today was a decent report but feels to me like we are starting to push on a string. Something said sell so I washed out. I'm usually wrong so good luck to all.
this thing double tops all the time and then somehow it gets propped back up. . I'm long and think this is highly suspicious.
6pm sunday on east coast and NG trading already up .06. that GS still is making the magic sauce. To be honest I sold most of my UNG friday for 22. Lots of good news but just have a feeling. I hope it runs and I'll catch the train at the next stop. glta
just stop an look at the volume. my favorite hedgies write algorithms to do this head fake on low volume. expect them to go to plan b, and if thats ng, plan c to shake retail.
good post. I thought that all the gas folks were gonna hold off/scale back production to drive the price up??
+1, we also now drill the hole, run an awful lot of pipe and mostly cap it and move on. so same rig drill many holes. how the EIA or Baker counts is not clear to me. I have been told there is an 18,000 acre tract in the marcellus that has over 100+ holes drilled and completed by 5 rigs. the 100 holes connect to a labyrinth of underground network of smaller producing holes. think sponge.
ccie, I'm not clear on what you are saying. are you trying to tell us massive injections are forthcoming? if so, from where and whats your source?tia
good data, everyone waiting for better price and lets hope the marcellus characters don't pump too much we need them to hold.
I think you are on the right track. lots of things have to come together to hold up 4 dollar nattie right now. I think the short term trade is down, but thurs report can be another good one but eventually the air will comeout of the tires. Longer term I think UNG can be good once we get off this cliff.
I'd add the timing of the goldman thing raises my eyebrows.