https://youtu.be/M0PKMHIAwGQ , its from Oct 08 too….
Just stumbled across it.

Two hits on 2916 and didn’t break through. I’d hold off, no?

you have two options as I see it, take a starter position now and wait to add (probably after the Thursday storage report). 2 wait for the storage report and see how it charts, the only downside is if the report is good or muted /NG can explode upward; likewise if it’s bad it can go way down.

It’s up to you but it is what I’m going to do. If it is a bad report I’ll add some shares; if good I’ll ride out what I have until mid Nonmember waiting to add on pull backs along the way.

I started scaling into nat gas last week but while I’m a bit under right now I can say this; if you look at the charts nat gas tends to go up exponentially in Nov and Dec. I personally am loading up my swing for that move when winter hits. Think about this, from the august lows to the mid September highs (due to a bit of a heat wave in late august) /NG went from 2.00 roughly to 2.7 and that wasn’t even a serious draw that reduced storage just increased it less than expected. If there is a draw on storage due to cold; I can see a move like we had last year when it went from 2.5-2.7 all the way up to almost 5. Likewise ugaz went from 70-80 all the way up to 260 and safely to 150. that’s a relative return of about 60 dollars a share; now that’s a X-mas bonus.