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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (83495)1/16/2024 5:42:10 PM
From: ajtj991 Recommendation

Recommended By
Sun Tzu

  Respond to of 96622
 
Just a spike up on a minor supply imbalance last week. It's crashing back down. Futures are in steep backwardation.

That bullish consolidation that could have taken it to $3.80 looks dead. 8-14 day weather outlook for the US looks like the US will be on fire into the end of the month.



To: Sun Tzu who wrote (83495)1/16/2024 5:50:17 PM
From: Qone0  Read Replies (2) | Respond to of 96622
 
It hit its 240 min bearish bat overrun fib and came back to the pattern.



To: Sun Tzu who wrote (83495)1/16/2024 5:51:54 PM
From: ajtj991 Recommendation

Recommended By
Sun Tzu

  Read Replies (1) | Respond to of 96622
 
Here's that 8-14 Day Outlook Map showing the US will be a he** on earth in the end of January:he** on earth in the end of January.



To: Sun Tzu who wrote (83495)1/16/2024 6:12:53 PM
From: Real Man1 Recommendation

Recommended By
ajtj99

  Read Replies (1) | Respond to of 96622
 
ir.eia.gov

Not exactly, the thermometer always shows a drain this time of year, right now nat gas in storage is very high
for the season, all that matters. I would never touch this super volatile and expensive to store commodity. For something like UNG it just means decay over time.