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Natural Gas Futures - May 24 (NGK4)

Real-time capital.com
Symbol
Exchange
Currency
NGDerivedUSD
MNGc1MCXINR
NGLNMc1ICEGBP
NGc1CMEUSD
NGc2CMEUSD
NGc3CMEUSD
MNGc2MCXINR
MNGc3MCXINR
NGLNSc1ICEGBP
NGLNSc2ICEGBP
NGLNSc3ICEGBP
NGc4CMEUSD
NGc5CMEUSD
NGc6CMEUSD
NGc7CMEUSD
Currency in USD
Disclaimer
1.794
+0.037(+2.11%)
Real-time Data

Natural Gas Futures Discussions

i have open my long position from 2,408, i hope big massive gap going up when the market open on monday
i am long since 2.95$ should i hold and wait for 2.95 or sell around 2.60$
Lube up
Meditate
are you trying to exacerbate the run on shorts and make it go even lower
Read carefully, I will prove the manipulation in natural gas with numerical figures. The current price for 1 mmbtu of natural gas is $ 2.4. If electricity was produced from 1 mmbtu, how much income would be gained. You heard right, 43$. I am explaining the calculation of this in detail now. 1mmbtu is approximately equal to 27 m3 of natural gas. 10.6 kWhs of energy is produced from 1 m3 of natural gas, that is, 1mmbtu of natural gas produces 286 kWh of energy. In the USA, 1kWhs of energy costs $0.153. 1 mmBTU at $2.4 generates 286 kWhs of energy, with a revenue of $43. J P manipulates N G
This is interesting information, although other information seems to BE more important. For instance: what Margin does a company get from selling NG at this price? Other question is: are other sources of energy cheaper (how much KWh produces 2.4 $ of oil)?
Andre ondos: exactly what eia says
With $2.4 of oil, about 56.5 kWh are produced
Can I know the pre opening price to add funds for margin?
Gap up or down 3-5 % or flat
Same with me. I have opened long from 2.630
GFEs Friday vs Sunday= lost 20 hddsGFEs Friday vs Sunday= lost 20
GFs 12z friday vs sunday 12z= 44 lostGFES 12Z Friday vs 12z sunday= 20 lost
12z Ec still coming
honestly: can it get worse? adding all HDD lost mentioned in the latest weeks: none left or?
If you examine all the Sunday openings through the recent openings, you will see that it's act like a decision time for the week. That's why we will know exactly what is gonna happen throught the week.. by the way I am long with 2.42 entry point
since 2.76 on ana etf.
GFEs 12z lost again 7 hdds
You are a bear.
Im into trend and info
You must a bot or got nothing to do in life beside update who many hdds lost or won, highly appreciated though lol
big gap up wow
where do you see that?
EPO goes negative on Feb 15. Robert.
What is the EPO?
EPO...the 'weather index' that allegedaly influences NG
Are you referring to ENSO?
I'm very curious about today's opening. The last few weeks actually depended on the change compared to Friday in the number of hdd. But I'm not sure that will be the case this time either, well, we'll see
Down today !!!!
I am terrified a lot . Holding long and scarinng :(
So far, overall December, January, and February demand has been below 2022 and February is going have to hustle to close the gap vs 2022. Celsius is currently estimating ~450 bcf withdrawal for February. IF February demand were to end in a tie with last year, it would indicate a storage withdrawal of 600 bcf. I’m already assuming total March demand at +2 bcf/d higher than 2022. That would still indicate a storage surplus of 300 bcf at end of March vs year prior. I don’t think it’s wise to get overly bulled up right now as it’s going to take at least 5 to 6 months of pretty favorable weather to overcome the surplus we cuttently have in storage.
Neeraj sharma when will u stop.
Wishing for a gap up dreaming about higher price does not equate to higher price. Hopefully for your correct if not can u just go away. It's getting a little distracting seeing your projections based on nothing.
HNU consolidation 1:15 this February
ty
GFS back end is quite interesting
Agree with you ,some blue crayons on the tail end
In my opinion in 2023 over 10$ is more than possible scenario. I was gonna sell it around 4 but now that I'm losing ton of money, won't sell a penny before $8 by end of this year. Balloon head Xi and nuci head Putin might do something very stupid sooner or later.
Are you long Jan, 2024 futures? Or do you own ung? If you sre in ung, next January might be ar $10, but contango will keep ung where it is today.
Would you buy a 2 dollar short and hold it till end of month. What price do you see on settlement.
Are you trading options?
No. Why wouldnt you go long at this point ? Ask yourself. Is NG more likely to stay below production cost or rebound to a historically average price range ? Would you hit a hard 19 in blackjack ? Might be one circumstance where you would but its likley you still bust !
Shorts gotta cover by end of month or rollover. The can start cashing calls.
What happens if shorts cover and the herd goes long.
To those who are hoping for a short squeeze: Current CME Open Interest as of February 3 was 1,196,869 contracts. Record Open Interest was on September 4, 2018 at 1,606,874 contracts. At $2.50, it would take $10 Billion to take OI back up to 1,606, 874 contacts and trigger a short squeeze. It popped from $2.90 to $4.93, so if you have an extra $10 Billion, you may be able to push this puppy up. Otherwise, theres not enough O.I. to fuel a squeeze.
Most producers likely sold NG contracts at much higher prices and are still making money. However this will not last forever, and at some point, producers will start covering their shorts. Could last 2 more weeks, or 6 months, but at some point the tide will change.
very identical yes
If it happens, and I mean if, It will be a collective buying due to some event, news, report, or MUSK farting as usual
just reading from EIA the following-----The production increases generally contributed to a decline in natural gas prices through 2020, which in turn contributed to increases in natural gas use by the electric power and industrial sectors.
Don't care about it's relevance to NAT gas but just taking a moment to appreciate the cold that's rebuilt over Europe over last couple days and continued over Canada. But Europe might finally have some cold and some cheap gas to burn
Think weather think man think plus.
those want gap up opening comment's here
want isn't how I trade
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