thoughts , comments
hnu will finish buying Nov NG and release demand pressure Friday
But UNG will soon roll over and can now also increase new contracts
So their action will have more effect driving Nov NG higher?
Tgar , others do you have any info on UNG buy schedule
So we can see HND slip a bit more until is a buy
then after UNG finishes buying -- NG ( Nov ) can weaken a bit
NG ( $natgas = Oct) passes one resistance of 3.75 now looks at 4.16( boxed high)
and/or at 4.15 200day MA
Could turn here now on 3.78 or rise Thurs to 4.15/16 ( then turn )-more likely
So GS whisper suggests 80 injection up from 72? ( usual bs lie)
so will be 67 to 71 ish and
then a phony rally in NG Thurs (to 4.16) or just 4.05?
this N G rally should be due to end and dip
So then a dip in NG friday or monday ( depending on UNG buy programme )
So how does temporary premium on UNG shares ( to shrink )
work out
with demand for Nov with their UNG rollover to start ?
Comments?
btw ( per Tgar ) you can get quote and chart for
UNG.iv ( intrinsic value? or NAV )
at www.bigcharts.com ( can't at stockwatch , others )
Note on www.Stockcharts.com
$natgas EOD does a partial! update at 4pm eastern or so
then a proper ( correct) update after 7 or 8 pm eastern
and I take it Oct has been coming up to Nov
( not waiting for Nov to fall to Oct )
So contango heals ?
Ludwig what site did you paste that T A from ? thanks
Piper -thanks for comment on shrinking contango (numbers)
( and right- they should have cancelled the HND split )
Regards all
U