At A Critical Junction

2022年10月21日

In the last 6 months I've been day trading NatGas after swearing I would not touch it ever again-it's called 'the Widowmaker for a reason No other instrument gives me such cold sweats every night, especially 14-15 Sept when price shot 10% up then 12% down the next day for absolutely no reason. However, high risk, high reward, as they say and I've relied on it to rebuild my account after some rookie moves involving Nasdaq.
So, what to expect next from Nattie? It depends on the completion of that colossal H&S, and on Freeport LNG, which hasn't received permission to resume activities after the explosion. My guess is we have to wait till mid Nov for any reliable climb - meanwhile we will be down and ranging. No trade for me next week, I fear.

2022年11月4日

註釋

Still ranging. Freeport is still promising but not delivering.

2022年11月9日

註釋

I wish I had listened to myself when I said no reliable climb till end Nov. Looks as if Freeport won't be open till Dec.

2022年11月9日

註釋

My fear is it might follow Bitcoin and range for a year.

2022年11月11日

註釋

The Widowmaker strikes again...

2022年11月12日

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Near the end of Oct, I asked an UK Chartered Mechanical Engineer if Freeport can resume operation mid Nov, given the status of its data and plan to be submitted to the regulators. The answer was -end of Nov possible, but very very tight and depends largely upon how well-oiled (corrupted) the regulators are, which is not very well.
But I didn't listen, believing in Freeport's promise to BP instead. I also ignored a small H&S formed after the gap was filled.
Hmm, now experts have confirmed all that and say the place won't be open till JANUARY. With all the extra build-up, the freezing weather -delayed by Nicole, won't help the price much anytime soon.

2022年11月16日

註釋

Forget Freeport, forget exporting to Europe-storage there are full with LNG, according to the NY times. The main thing is the intraday chart now.
We're ranging horribly.