Comments on: Early-session Market Analysis 1-25-23

By: trade0039

trade0039 — Thu, 26 Jan 2023 14:23:11 +0000

What the Hell is wrong with UNG? It keeps plunging…. :(

By: HermonMunster

HermonMunster — Thu, 26 Jan 2023 13:41:59 +0000

In reply to Heinz.

Just my opinion, but the price of Natural Gas is very close a trend line going back to August 2022. I’ll probably purchase more today. Seems as though were getting close to the end of the plunge, but who knows.

https://i.imgur.com/AUuZhf6.jpg

By: Jeff Vandenburgh

Jeff Vandenburgh — Wed, 25 Jan 2023 23:04:26 +0000

In reply to Heinz. My two cents: let NG plunge below $3 for one more day. Tomorrow (Thursday) is expiration for Feb contract. I think a lot of traders sold the $3 puts thinking it was an easy way to make a few bucks, but as expiration nears, the dealers who are long those puts aren’t going to let traders get out without paying up. I think they’re going to keep it below $3 into tomorrow, and then potentially a bounce afterwards. Seasonality improves for NG after this expiration.

By: Heinz

Heinz — Wed, 25 Jan 2023 22:44:26 +0000

Randy- can you give us an update on view of NG when you have a chance?

By: thebeagle55

thebeagle55 — Wed, 25 Jan 2023 21:38:30 +0000

In reply to Mikeflegel.

true … now the question is will the end of day gains hold or as
randy suggested back down tomorrow??

By: Mikeflegel

Mikeflegel — Wed, 25 Jan 2023 19:33:38 +0000

Ditto on the heads up. If anytime you can give us an update like this thank you very much Anytime Randy says 90% you can weigh-in on that

By: KevinK

KevinK — Wed, 25 Jan 2023 17:39:49 +0000

Randy, thanks for the early heads up on the reversal. That was a home run. Also loved it when you said you gave it a “north of 90% chance of a reversal”. Really like it when you put in your conviction on a trade. Keep up the great work….greatly appreciated.