Oil bluesWhen one needs reliability of forecasts holding true there is risk. New York caught steady rainfall. Add in the high price on crude oil this am, the weekend gap was unattainable but pre market profits taken as Dgaz starts price declines. Seen these swings many times, which some posting call manipulation. To me just a cause and effect of a big fund running NG Trade parallel to oil, or a fund panicking when NG Spot starts a rise.
Note, premarket high Dgaz was $29.38, $4.28 up over last Wednesday, room to pull back in play. The big injections are coming so what I reduce on Dgaz is a rebuy on the dip. Look at crude oil. HND and OilD both gapped down Monday AM, it appears pre market Dgaz chased after that crude oil drop.
I am a buyer of Dgaz this AM. Same high volatility swing remains in play and Dgaz will bounce back up, just like UGAZ rockets up here in AM premarket.
Glta Manxcan