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Message
re: BOIL has become predictable
Posted on 5/21/14 at 4:41 pm to Iowa Golfer
Posted on 5/21/14 at 4:41 pm to Iowa Golfer
Clarification. Previously I mentioned UNG puts meeting resistance when natural gas futures and UNG share price went up. What I meant was support, not resistance. So today again futures and the underlying etf went down, but not as much as they previously went up, and the short UNG puts actually settled higher than at the same or higher futures and share price. Good news for many of us.
Cash is at $4.645
June is at $4.489
July is at $4.49
Aug is at $4.475
Tomorrow will be interesting. Light trading before the holidays on the east coast, not so much in Chicago. It's only a 40 minute drive from Chicago to lake Geneva. It takes the east coast liberal trash longer to get to the Hamptons. Predicated on the report, the June contract could match cash price, or even exceed it, or Friday's cash price could be significantly less.
Again the projections are so wide from smallest to largest, it shouldn't take much to at least meet the projected injection. I've also read 120 projections though.
Rumor from Chicago - I've heard last week's reclassification might again get reclassified this week, making this week's injection seem abnormally high. If he is wrong, I'll make him buy me dinner in Lake Geneva. I don't know, and I doubt he does either. He did call my coffee trade correctly though, so I'll give him that.
Cash is at $4.645
June is at $4.489
July is at $4.49
Aug is at $4.475
Tomorrow will be interesting. Light trading before the holidays on the east coast, not so much in Chicago. It's only a 40 minute drive from Chicago to lake Geneva. It takes the east coast liberal trash longer to get to the Hamptons. Predicated on the report, the June contract could match cash price, or even exceed it, or Friday's cash price could be significantly less.
Again the projections are so wide from smallest to largest, it shouldn't take much to at least meet the projected injection. I've also read 120 projections though.
Rumor from Chicago - I've heard last week's reclassification might again get reclassified this week, making this week's injection seem abnormally high. If he is wrong, I'll make him buy me dinner in Lake Geneva. I don't know, and I doubt he does either. He did call my coffee trade correctly though, so I'll give him that.
Posted on 5/21/14 at 5:02 pm to Iowa Golfer
quote:
I've heard last week's reclassification might again get reclassified this week, making this week's injection seem abnormally high.
Could you clarify this please. Didn't the reclassification last week cause the projection to seem lower, hence the UNG jump? Is your source predicting the opposite effect this week?
Posted on 5/21/14 at 5:09 pm to Iowa Golfer
Are reclasses from working to base that common? I'm used to seeing them go from base to working, as operators optimize their facilities, but working to base seems like it'd be rare.
I think this is the facility responsible for last week's reclass:
LINK
I think this is the facility responsible for last week's reclass:
LINK
This post was edited on 5/21/14 at 5:11 pm
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