Good posts today. Saw low on premarket for UGAZ $27.30, no dips down lower. That has been reached 3 times. Tight range today but I have been picking away on dips and will hold UGAZ position to Monday. My position as to risk holding U is higher than risk of holding D. I will remain at 10 to 15% of the investment size I will take on Dgaz.
On your discussion of hubs critical to risk to correlate your discussion against the storage in each region. The change in storage measured by % change weekly and size of WD or Injection. Since Pacific delivery hub is not as relative as NE and South what happens in the latter overrides anything that happens in Ca.
i like this discussion as despite fact there was little capability to deliver to Asia the Japan tsunami greatly affected the rise on NG futures right after that event. The SAN Mateo CA gas explosion also short term popped up the NG futures.
We have all seen NG move in a manner completely beyond our expectations. Have a good weekend, hope all friends back in Canada stay warm as Baby it’s cold outside!
Glta Manx