CFDs on Natural Gas forum
NATURALGAS a 5bcf draw is still bearish or bullish because of the surplus but if your getting a 20% rises frooma 5bcf draw then whats it going to be like when it hits 70
NATGAS Jeez storage report is bullishExpected: 2B
Actual: -3B
NATGAS Boys where its EIA report? bearish or bullish ? how many injected?NATURALGAS consolidation phase is here before a move up
NATURALGAS Ok, time to take out the ruler and measure vertical price moves of the past to get a statistical probability on the viability of this vertical rocket. Yup, that's what I'm gonna do right now. 📏📐
NATURALGAS The matrix is gonna send it down
NATURALGAS this just moving upp n uppp unstoppable 😍🤣
NATURALGAS im confused are we shorting until the report , or now and after the report?
NATGAS Big changes. Long ass post. I'm more talking myself through my own thinking.Production for today is 103.2bcf
Exports are 14.3bcf
Over today the EIA forecast for the 1st week of December was revised down again by -100bcf.
This means the EIA report on the 1st week of December is expected to be -100bcf lower compared to the 5 year average.
The estimate is for a -165bcf withdrawal. The 5 year average is -64bcf
This is the lowest withdrawal on US record for the 1st week of December.
The next closest withdrawal was December 2002.
What is currently happening is what I was telling everyone about 3 months ago.
The Polar vortex is beginning to collapse.
At the same time, there are 2 High Pressure systems forcing all the cold air from the North Pole straight down into the US.
It's expected this will cause "Historical" snow fall and freezing temps.
It's possible that I'm wrong about $4 and we surpass it. Depending on how bad it gets, we could see $5 or $6. That's pretty normal price target during Polar Vortex collapse if you go back and check history.
The other unknown is the regular sabotage in Europe.
If any pipelines are damage or disrupted at all, you can bet we'll surge higher.
The Majority of US exports are to Asia right now. If they needed to provide more to Europe for any reason, the market get too tight.
If you don't catch this move on the way up, the short on the way down will be just as good.
I wouldn't try shorting this move until the weather shows signs of turning.
We will eventually get a pullback. My target is the 50ema on the 1 hour as support.
NGAS this is wild, i think the price is reflecting the russia/ukraine war?