as i thought opens up .29 on the futures… lets see if it holds

Feb contract doesn’t stop trading until Thursday. Seasonal strength doesn’t begin until mid-February. Don’t catch falling knives.

its close to bottoming.. hold on over weekend .. i suspect monday may be the end of this downturn… $3.. like i wrote earlier

Thank you Observer…If you didn’t post this, I wouldn’t have seen the video.
But I still made a losing trade today, as usual.

I think what is happening right now in Natural Gas is similar to what happened in Crude Oil in April 2020, where prices plummeted lower than anyone could imagine as no buyers were willing to bid on the front month contract as expiration neared, finally ending up with massively negative oil prices on the final day of trading the contract. As we can see in Natural Gas, the front month contract is currently down 2.5% on the day, while the next month’s contract is down only 1%. Expiration for NG is next Thursday. I wouldn’t doubt if price keeps plummeting into Thursday and ends up much lower than any of us thought possible.

Did you not have a stop? Can you not buy puts against your long position and/or sell calls against it?

A good day for me these days is when I rummage though my neighbors garbage cans like some goddam stray cat and find a spoon still inside a can can of pork and beans so that I can start eating out of it right away. To hell with the botulism and salmonella, I’m hungry dammit!!! God help me, BOIL closed down at all time lows today and continues it’s slide into oblivion in after hours trading. My God, what have I done!?!?!…. WHAT HAVE I DONE!!!

I know exactly how you feel! Trading is the hardest thing to do in the world. Trading Natural Gas is even harder. Looking at monthly chart of NG, it looks like we are experiencing the two worst back to back months in the history of NG, and that momentum will likely continue into February, and then fizzle lower still. I think price bottoms out below $2 before finding the chance for a bounce next winter. I hope I’m wrong. At least we can learn once again why this is called the Widow Maker, and why most of us should stay away from it.

Well that hits close to home.

On the bright side I’m rummers of a polar Vortex creeping into the US next week.

ng going to $3… hopefully thats the bottom…

Holding BOIL, fingers crossed, nothing else I can do. Reluctant, too greedy or too stupid to exit this falling knife. All other “alternative” Natgas content providers are saying Natgas “could” go as low as $2 (Bloomberg). Unsure what to say or do. Although, I AM seeing a positive bias parabolic frypan bottom on my hourly/2 hour chart though. Just go to $5 so I can exit with some dignity and THEN go short, that’s all I’m asking. Otherwise no “real catalyst” in the works/makings to make this thing stand up other than some puny little “perceived cold snap” coming between Jan.27th and ending on Feb.2nd. Capacity is through the roof, storage is already abundant, draws are lighter than usual. Freeport. No money to pay bills. No money to eat. Falling deeper into poverty instead of rising out of it. My dreams of becoming a Capitalist are turning into delusional thinking. I’m turning into a bigger idiot by the day, by the minute. One of the worst indicators of this, is that I can SEE it in the way chicks look at me, they can SEE loser written all over my face. They can SEE that I’m losing, not winning. They can SEE that I would not be a good provider.

God help us. God help me.

I’ve replied to the recent questions on nat gas that I’ve seen, including this last one I saw yesterday: https://rightsideofthechart.com/tsla-2nd-price-target-hit-for-20-profit/#comment-25981

Basically, the rate of descent has slowed or basically ceased with nat gas trading around long-term support with the indicators starting to turn back up due to the slowing of the downside momentum. Reversal/oversold rally likely coming sooner than later but no guarantees that it can’t continue 5-10% lower before that happens although it doesn’t seem likely.

Should work by clicking on the link now. If not, cut & paste the link in browser.

open the link in a new window