Post by
rico91 on Aug 15, 2020 3:20pm
Nat gas price??
Anyone know why Nat Gas prices spikes yesterday?
I can't find anything that says anything?
Thanks!
Rico
Comment by
ngtraderng on Aug 16, 2020 7:32am
HFIR poses a theory that it was due to a short squeeze triggered by the liquidation of DGAZ (3X bear ETF that's being shut down): https://seekingalpha.com/article/4368864-natural-gas-prices-squeezed-dgazf-gets-liquidated
Comment by
rico91 on Aug 16, 2020 9:29am
Yes, I did read that article. So, we have 2 possible directions from here. We could have a retracement back to the lower 2's if the higher price is not justified by fundamentals or nat gas could continue to rise if fundamentals are indeed strengthening. I guess Monday should give us an idea of where we are! Rico