Tuesday, December 17, 2019

Cold weather ahead, but UNG upside limited

Very recent articles have been written about an incoming cold spell driving up NG.  But I don't see much upside with a lot of supply near 19 and above on UNG.  Also, my machine learning algo has not called a reversal yet, and it is surprisingly sensitive to them, so I'd continue to short-sell rallies like this one for lower prices this Winter...

Sunday, December 8, 2019

SI/ SLV finally breaking down

Been positioned for a crash since September and looks like we're finally breaking down for a collapse!

USO/ CL ready to rip to $65+

Been calling it all quarter for 52-week highs, a move much higher by end of year, end of Q4 - here we go!

UNG breaks down $18.00 as predicted

Earlier than expected, natural gas broke to multiyear lows last week.  Though its current attempt at bottoming is the strongest I've seen in over a year, the shear amount of supply above has me feeling lower price in the intermediate term...