Flash drop Expected, UGAZ, closed off my Dgaz short position yesterday. This is a great day volatility benefit to D traders. Bids were in place. I had 9000 bid at $28 and it flew through, filled. Dgaz and went flash down to $27.58. These are prices I wanted for next weeks ahead. I have just bought 3600 here below $27.58 all due on the a massive storm system I posted yesterday.
On this buy was the related benefit: Important to note as we leave winter HH Spot June sits here at $2.77. Loads of room to drop HH spot down to $2.30 and that pushes up DGAZ to $44.
How I bid daily is based on a three week chart 4 hour bars. Then I assess storage, any storm systems, rain, heat, snow. Current temps, forward temps.
Pretty easy to see where I spotted potential flash bottoms. I discount the lowest day in cycle, evaluate other best 3 lows. All D traders can buy here today with a lower risk trade against this storm system.
Glta Manxcan