RE:Yawn .......... ZZZ zzzz ZZZ zzzAnd more yawn 89, as I stated in previous posts here I have made regarding NG (not so much BIR directly), the purge is on, March NG contracts trading (100%) seeing a low a low of 3.06 today on the month and with roll over to March spot coming Jan25th a further NG plunge likely sees 2.80 support and 2.60 if things get really ugly. The technicals support these possible landing areas over long term historicals support/resistance.
That will see most NG stocks plunge even further likely another 10% if i was a betting man. At 7.84 or less the risk/reward becomes enticing again for BIR for a positional trade again IMO. to the $11's somewhere, dictated by weather conditions possibly as far as 6 months out..
The load up play with patience for those with a penchant for gambling sees HNU (Horizons NG ETF), the risk/reward was good seeing NG sub 3.50 current month and gets even better with longer term hold sub $3 NG Feb spot, to March contract rollovers, cheers.
Lots of rambling sorry for that, hopefully some get the underlying jist of it all, cheers
Beware of contract rollerover for that additional plunge Jan25 on rollerover, cheers.
Based on roughly $10 high to 50% low of $5, then 7.60 hign to 50% drop $3.80 violated, $3.08, technicals come into play and if the rise is $100. percent from spec bottom 2.80 also in play for a rise to $5.60 supported by historical charts. Cheers.