RBC U.S. Banks Yield (CAD Hedged) Index ETF T.RUBH

Gas

[ANALOG GUY]

Production is staying stubbornly high compared to last year and the 5 year average 
[img]https://[/img]

[ANALOG GUY]

Sorry, that chart shows storage  The article I was reading mentioned production had climbed back over 100 bcf/day last week 

[ANALOG GUY]

2 Thumbs Up [img]https://[/img]

[InvrsContrarian]

Staying put. The market digested the rig count no change for natty still at 98 rigs But they did decrease the oil rigs by 4 . Unless something drastic happens I'll see you Monday. 

[ANALOG GUY]

Me on Friday after the close  [img]https://[/img]

[InvrsContrarian]

Eastern half of the US to get the heat home with humidity a major factor for all of next week. Heat dome

[InvrsContrarian]

Hest dome. I stand corrected

[ANALOG GUY]

Love me some Heat Dome where 100 million people live ...... Crank up the AC! [img]https://[/img]

[ANALOG GUY]

Make a Preacher cry Last Tuesday I made $3200 in 1 day This morning I'm down $2000 if I sold Just when I think I know what I'm doing ....... sheesh 

[InvrsContrarian]

First gap down in Long while after a weekend. The boards have been very quiet all over. People Hardly want to make a prediction. Could trade the highs and lows today. But that would mean taking a loss and hopefully buy back in lower. Tough spot. On the plus side the monthly charts look good but that's a long stretch to hold.

[InvrsContrarian]

Holiday in the states on Wednesday. So no futures trading. We will be on our own in the tsx for natty gas all day. Looking for a gap up Thursday. I think there is a Pattern that Looks like a repeat of end of May trading with a gap up then take off to higher highs.

[ANALOG GUY]

Hummm, this Added 4000 at $5.22

[ANALOG GUY]

Sold 4000 at 5.32 +$400 Back on the bid

[ANALOG GUY]

Bot 4000 at 5.23 at the close If it gaps down again at the open tomorrow....... going to have a serious talk with myself! 

[ANALOG GUY]

Big As* heat wave  You would think Gas would be moving up https://www.cnn.com/2024/06/17/weather/heat-wave-east-us-climate-monday?cid=ios_app

[ANALOG GUY]

Sold 4000 at 5.35 +$480 Holding 2700 at 6

[InvrsContrarian]

Pushing up pretty good. Let's keep the momemtum going till Friday when thr report comes out. 

[ANALOG GUY]

Next's week injection will be low as well as it will account for this week's brutal heat in the East  [img]https://[/img]

[ANALOG GUY]

I'm thinking back over $3 by Friday if not tomorrow  [img]https://[/img]

[ANALOG GUY]

[img]https://screen shot[/img]

[ANALOG GUY]

HNU mispriced at open  Aug Gas down 2.6% Boil down 5% HND up 5% HNU down 2.7% ($5.37)  

[InvrsContrarian]

Yes a price mismatch between hnu and hnd. strange indeed. I guess someone wasn't paying attention  yesterday near close and probably hit a big stop loss while they were hunting hnu . It dropped to 5.50 about 15 min before close.

[InvrsContrarian]

Looks like a bearish trend today. They might push it down to get a jump on tomorrow. Let's see what they publish for a projection. They have been forecasting during the trading session the last little while instead of after hours the day before.

[InvrsContrarian]

Looks like we bottomed out. Although they are saying increased gas production as the story today I think if we hit 75 bcf again this week, it will cut into the overage from the last 5 year avg max. So we are digging away at it slowly. Funny how some stories will drive the price for one day and then the script flips the next day. I think it has to do with the coefficient of variation of stocks. The

[ANALOG GUY]

  that must be it cause it's still only down 5% while gas is down 4% I assume the whole thing is run by a giant computer program..... but when someone dumps or buys big if must take it a while to recover 

[ANALOG GUY]

EQT bringing back production expecting a sizzling summer  "Kevin Dobbs | June 12, 2024 EQT Corp., the largest natural gas producer in North America, scaled back output earlier this year in response to low prices amid a mild winter. However, with forecasts for sizzling summer heat domestically and abroad, CEO Toby Rice said the Pittsburgh-based company has

[ANALOG GUY]

Bot 4200 at 5.16 Aug Gas at 2.86

[ANALOG GUY]

[img]https://[/img]

[InvrsContrarian]

Heat warnings for New York city and surrounding areas, Washington, DC as well this weekend. No relief seen. Latest map shows the heat is locked into the middle of America.

[InvrsContrarian]

Numbers are in.. a build of 71 bcf. In line with prediction of 69. Let the heat keep keeping on. Let's see where they take us today. 

[ANALOG GUY]

71 BCF injected  that's below 1 year ago and below the 5 year average for the same week in June 

[InvrsContrarian]

Next up the weekly rig report. Other than that I'll see you next week. Not hitting max pain here but these are just gains for june that im playing with. still housing money. Lol so I'll still good to go.

[ANALOG GUY]

Dunno what to do, hot forecast and Gas does nothing  should sell my cheapies I guess and make enough for a case of beer or a 2-4 as you Ontario guys say  but jeez it looks like record breaking or near record temperatures for the USA this weekend  hummmmm    On the bright side .... how bout my Oilers! Draisaitl looks hurt but 97 is showing the world why he

[InvrsContrarian]

Oil rigs go down but it looks like one rig was added to something. No full weekly update report till next week. Go figure they push the price down on any little bump. Hitting lows of the day here. I'm considering jumping ship and start again next week. Dunno what to do, but will decide before end of day. The low of the day is bugging me

[InvrsContrarian]

Speaking of oil. Big game tonight. I was on the ( i do not like the Oilers)(other words not allowed on this site! Lol) train because I'm a vancouver canucks fan since their first run in '82, but now I'm on the s crew the bettman train and let a canadian team win. Now if it was Calgary in the final, I be like go Panthers! Calgary and vancouver go way back. Me and my buddies figured out

[InvrsContrarian]

Looking at the forward contracts, we seem to be getting into a no direction situation. July is matched up with spot prices, October and November are good months for contract price increases. But right now we seem to be in no where land. Pure capitalism market right now. So I'm thinking the prices will be more volatile and dependant on the weather and nat gas usage reports by industry and power

[InvrsContrarian]

Thinking about it again some more... this may be a next months problem. Still in contago for the rollover for August. So we are good. Holding over the weekend. I'm out.  

[ANALOG GUY]

Sold 4300 at 5.08 -$344 So disheartening , heatwave and gas goes down  Big profit one week and it dribbles away the next  Might take some time off and enjoy the summer Maybe my Oilers will cheer me up tonight!!!!!  Have a good weekend