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3 messages in this thread [ view entire thread ]

* NG
mikeyg - Fri Jul 30 2010 at 10:56 AM

chugging along

* Re: NG
met.mike - Fri Jul 30 2010 at 2:39 PM

Still long UNG from 7.6 on earlier post and thoughts that ng is breaking out to the upside.

Main reasons are heat and seasonals but hurricane season, storage falling behind last year(from heat)
long held large spec shorts vulnerable to short covering and thoughts like Susans, that ng can't rally are other bullish elements.

* Re: NG
met.mike - Fri Jul 30 2010 at 4:06 PM

http://www.marketforum.com/?id=1102364&ss=met

Covered the long NGU at 8.25 from 7.6.

Usually a day trader of futures and this one went 2 weeks from an account that can't do futures.

After the last post and reviewing week 2 weather, which to me may evolve to less heat(dome moves west, east cools????), along with us close enough to $5 resistance and not being able to do anything with NGU until Mon am when the stock market opens, just decided to get out here.

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