RE:Went as Doablemanxcan wrote: Hit my DGAZ $3.02 bid like a crow taking a frenchfry. That is what NG does when working gas is low and we are not in injection stage. So similar to early entries in April 2012 as UGAZ was rising on rainy cool spring weather. However there we had near2000 BCF in storage coming off a warm winter. So often does oppossitie of what traders perceive.
To counter that I laid out my current trade plan, bought yesterday $3.15, bid posted yesterday at $3.02 DGAZ = filled. I am buying on bid 1/2 last portion to fill here at DGAZ bid $2.89. My bids to enter are 13 cents apart, more important set approx 4% apart. A/C entry target now $3.02.
Injections are next, not going to be much of a dip on DGAZ going forward. DGAZ should open 4% up Friday.
I see no dip, I will buy the 1/2 here moving bid up at $2.92 which looks an automatic fill or I will take entry on rise to $2.97. I think best not to delay the fill this AM.
Decision time ---GLTA Cheers Manx
Echoing this. I see a little bit of downside possibility (storage levels are still ultra low), but if injections become the norm I think there's plenty of upside from these levels. Bids for D are in... I just need NG to rise a teeny bit to get filled here...