Thanks for the chart and comments Trades. No worries about wizzin' on my parade, lol...I always appreciate your views as they do offer a sober and dispassionate perspective on the markets. It is helpful for keeping grounded in reality and guarding against unwarranted biases that can creep into one's trading plan. This is the kind of trading dialogue I find most useful from a forum like this.
Lots of base building going on in this market now as you've pointed out. Interesting to see the degree of lag between the UNG chart and Natural Gas itself. It highlights the deriviative nature of so many of these ETFs...these are realities that one must understand and plan for when trading these products.
Anywho, wondering when UNG will finally dispatch with that dang Boogeyman...we know it is simply a question of time, but if there's anything you can do to encourage that bugger to move on sooner rather than later, I'd appreciate it
The fundamentals are slowly turning in NG's favor, but as you say, public recognition and reflection of those changes in pricing will take time to filter through. I do find it interesting how the Natgas chart versus crude has fainlly broken out..that is an important shift going forward me thinks.
Anyway, hope yer having a good weekend Trades. Best regards