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TRADES, Randolf & Ronbo on NatGas, UPik

TRADES said, "This NG chart doesn't get me excited. Like watching paint dry. Even the worst & coldest winter in decades couldn't move it anywhere. And the seasonally bullish periods in the fall and spring can't seem to get it to do much more than a poor dead cat bounce."

Randof wrote, "Hey Coral, after working up this weekly chart of natural gas I can fully understand why you've been so adamant about it going lower to 3.20 or so. If people had considered the weekly chart they probably wouldn't have argued with you about it. I haven't ever followed natural gas, but for some strange reason this morning I worked up this chart. After looking at this I fully agree with your outlook and I think everybody else will agree also."

And Ronbo says, "That 'modified macd' really shows the pent-up energy coiled up in this commodity...a great option volatility play! As the premium is quite low at this time...(I have 2 June 4.50 calls now)
It looks to me that a breakout could easily tag $6 ...and do it rather quickly when she breaks out..."

These guys all looking at the same chart?

Messages In This Thread

TRADES, Randolf & Ronbo on NatGas, UPik