DgazDay trade only 1000 at a/c $63.07. We have seen UGAZ dip to premarket low $58.60 today and thus took on Dgaz as UGAZ reaches premarket high.
UGAZ trading at $61.50 right now, down from a time frame 8-9 am EST price high of $63.44. I think due to some warming and the high volume pushing up NG spot we get exhaustion providing an open window to trade very short term D side trade.
On such a weak side trade looking for $1000 to $000 on position. ,more better but not expected.
Gotta love UGAZ, going to go much higher. That is how we really set up the Dgaz Trade as we leave March and run towards June. There production will matter as temps positive to injections will run the D side upward. This is required to fill the 5 year storage gap before summer and next winter.
That is months away, let us see where volatility runs the next 9 weeks and key times to really take on. D side trade.
Glta Cheers Manx