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Natural Gas Futures - Jun 24 (MNGc1)

MCX
Currency in INR
Disclaimer
216.00
+5.30(+2.52%)
Closed

Natural Gas Futures Discussions

if we look at the inventory, surplus reduced from 35 to 29 % in last few weeks but NG price jumped from 1.7 to 2.84 - aprox 65-67%. Output has been increased, weather is moderate except few states across US n CA. I dont know what makes people think it will go beyond 3 Dollars? In the end of the day, you cant ignore numbers no matter what.
Yes but this commodity is like the wild wild west. It never makes logic 🤣.
1.60 was cheap considering inflation that is all the logic I can get 🤣
I want to sincerely Thank you for this series, you've really helped me a lot. I'm starting Click....on...telagare..DanielleDennls to watch you been good to me this series, my friends are coming for you to teacher and guide them I trust you so much.
50/50 peppy... that's the difference between us...I tell you 100% sure 2.5 hits till eow... that's the confidence of top trader... Billy is another league...I tell you we close the month at 2.5 and you keep talking how successful you are... make Wang laugh 🤣
Careful Billy.
I think this will depend on gdp result on thursday
I am long and short here 🤣.
My magical ball isn't telling me anything 🤣
NG will fall .. we cannot simply ignore last week candle by this week is 100% closing RED
Ahh sorry, that was Morad ... lol
Johnny, are you bearish or bullish?
Jim or Isabelle go read my posts below and figure it out your self ;)
Bulls were calling reversal the whole time NG dropped like a rock for three months. Now bears are calling the same reversal is coming while NG fires the rocket engines up. Go figure that math out. NG is even rising in after-hours as I type this.
I give it 50/50 that price >2.90 by end of week...tight as can be
Hmm!
oh trinity...read my posts...not only accurate calls but averaging 100%...can you say the same?
Predictable solid inverse indicator: https://www.investing.com/news/stock-market-news/goldman-sachs-sees-limited-upside-to-natural-gas-prices-3457293
Yes. Too much working against it and too much gain way too fast to sustain. I'm expecting a bounce off the ceiling 2 9
Goldman says sell and they buy. Always have
R.I.P. 🐻
big money is full of historians to some degree, usually citing the past to justify the present and future
i should stop posting at this point and say hello on November 2024 or maybe even in November 2025... scalpers take over ... lol
UNG i think is good
It is just dont go long on it too long there is some decay and rollovers can cut like a knife
Etfs, not always to good to go long that far out look at lng, or even swn.
Bears don't get it that the 4 year cycle just only started month ago...
Things could get real spicey if NATO sends troops into Ukraine. If they do China may pull the trigger on Tiawan.
NATO is not going into the Ukraine.
not happening Tony, i don't think so WWIII is in anyone interest...
European natural gas inventories rose by +9.5 BCF for May 27, 2.9 BCF bullish compared to the 5-year average +12.4 BCF build. Current inventories stand at 2685 BCF, +557 BCF bearish versus the 5-year average or 69% of capacity.
a bot can always find relative information
big money is, big money does, even if there is a glut compared to 2021
or maybe this massive cap will have the neckline like here on monthly.... hmmm.... market is thigh you saying....
Natural Gas Price Fundamental Daily Forecast – Profit-Takers Erase Earlier Gains Ahead of Weekend Jul 11, 2021 (some of what was moving the market in 2021)
oh boy this monthly looks like another bullet ... i know 2 days to go....
peppy make a call and leave b..s... my call 2.5 eow and end of month also...if we are not at 2.5 Friday I quit
don't tease us
Rolling Jun to Aug longs because same contango. Good idea or bad?
tony...chicken coop was not brainwashed...he is just incompetent...kindla like abmu, trinity saca etc....but coop says he is pursuing other profitable ventures....ya right..
Sometimes people see things one way?? I kept reading nonsense back in Febrary it was going to .80. It hit 1.48 two times with no volume. all time lows. I should have put $50k on it and walked away till September. I have made very good profit going long with swing trades. You know the fear of losing out ways the chance of winning big.
last day of June contract... big sell off today... followed by tomorrow and Friday
...
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