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re: BOIL has become predictable
Posted on 7/17/14 at 7:52 am to TheBigHurt
Posted on 7/17/14 at 7:52 am to TheBigHurt
Yesterday was strange. Futures traded up, cash settled marginally lower. this morning August gas, which is the current and critical month traded down. I haven't checked the EFT/ETN to see if they're rolling yet, but I suspect they are already in September. They would have taken a hit on this roll. I would anticipate a significant drop in UNG today. I went long DGAZ very early this morning.
Having said that, this trade has been one where you can be 100% correct, but be 100% correct 6 hours too late.
Having said that, this trade has been one where you can be 100% correct, but be 100% correct 6 hours too late.
1
Posted on 7/17/14 at 8:35 am to Iowa Golfer
I expect a huge drop in ung today.....may see 50 dollar kold.....
This post was edited on 7/17/14 at 8:47 am
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