Triple_Bagger said:

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techno-ag said:

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Saudis talking about a production increase. That's all it took.

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Take it with a grain of salt. All reports are referencing WSJ, who cites unidentified sources.


"the Wall Street Journal reported on Monday, citing unidentified delegates within the group."

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SAUDIS DENY REPORT OF DISCUSSIONS ABOUT OPEC+ OIL - OUTPUT HIKE

— *Walter Bloomberg (@DeItaone) November 21, 2022

Geez, what happened??

SPY: huge 1min red candle at 10:57a
OIL/CL/etc: huge 1min green candle at 11:01a

ahhh, there ya go

wanderer said:

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Geez, what happened??

SPY: huge 1min red candle at 10:57a
OIL/CL/etc: huge 1min green candle at 11:01a

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Saudis laughed at the WSJ leak.

Odds that rumor came from team Biden?

Up 21% on BOIL. Why is it so hard to exit while you're ahead? The greedy side of my brain is telling me to hold out for $100.

Philip J Fry said:

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Up 21% on BOIL. Why is it so hard to exit while you're ahead? The greedy side of my brain is telling me to hold out for $100.

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The way I'm trying to train myself is 3 trades like that is nearly a double.

3 20%ers is way easier than 1 100%er

FTAG 2000 said:

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Philip J Fry said:

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Up 21% on BOIL. Why is it so hard to exit while you're ahead? The greedy side of my brain is telling me to hold out for $100.

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What made BOIL run today?

Was waiting for a pullback to enter and now it's running like a stuck pig.

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Despite the bullishness, todays candle is still an indecision candle. And That's two indecisions in a row without breaking the previous top. It could keep running to $7. But that could be a place where it runs out of steam and starts its journey down.

Edit: I'm looking at natural gas not boil.

irish pete ag06 said:

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Philip J Fry said:

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Up 21% on BOIL. Why is it so hard to exit while you're ahead? The greedy side of my brain is telling me to hold out for $100.

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The way I'm trying to train myself is 3 trades like that is nearly a double.

3 20%ers is way easier than 1 100%er

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Right. Just need to make 18 trades if you start at 50K that go to 20% and you'll have 7 digits. How hard can it be?

Philip J Fry said:

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irish pete ag06 said:

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Philip J Fry said:

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Up 21% on BOIL. Why is it so hard to exit while you're ahead? The greedy side of my brain is telling me to hold out for $100.

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The way I'm trying to train myself is 3 trades like that is nearly a double.

3 20%ers is way easier than 1 100%er

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Right. Just need to make 18 trades if you start at 50K that go to 20% and you'll have 7 digits. How hard can it be?

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Go on, don't stop. I'm almost there.

Crazy that Freeport still hasn't restarted over a minor explosion that has been rectified for months, just due to the political witch hunt against oil and gas. Good thing no one cares what happens in rare earth element mines.

Philip J Fry said:

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Also, how much we have in reserves, right? I've been trying to gather historical data and it's pretty much all over the place...beyond January being the worst month to invest in.

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I wouldn't say January is the worst month to invest in it, you just need to understand weather is controlling it. If it stays cold, prices will go up.

If it wasn't for Freeport we would be super low on total storage. We are getting close to last years storage figures and 5 year average storage figures are a bit above that. Took the week off since I have sooo much pto I haven't used, I don't have all the most up to date figures in front of me.

The Freeport situation smells like shyt to me. They should have been up and going a month or two ago, kept getting delayed. You even had LNG ships parked off Freeport just waiting, something I personally tracked day by day. It makes me think how much say the government has in this. They specifically targeted natural gas prices as a way to lower electricity prices and their inflation figures. Go figure, keeping 2 Bcf/day from being exported from the states is an easy way to accomplish that and since a small fraction of Americans follow this and understand it, it's so easy for the government to manipulate natural gas pricing when you just have to keep one single LNG plant offline vs manipulating oil prices through the SPR.

I wasn't understanding how freeport was keeping the gas prices low until now. So we use freeport to export to Europe and without it, we are keeping the LNG here in America?

Meanwhile, Europe continues to be under Putin's thumb because we aren't exporting our natural gas? Do I have that right? If so, that's ****ed up.

This should help you and everyone else wanting to track gas.

https://ir.eia.gov/ngs/ngs.html

Every Thursday at 9:30am you'll have the EIA report. This has a huge effect on the prompt month.

https://www.cpc.ncep.noaa.gov/products/predictions/610day/
This is the 6-10 day and 8-14 day forecasts. Crucial to follow in the winter. More blue in the northeast the more gas they'll use.

Philip J Fry said:

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I wasn't understanding how freeport was keeping the gas prices low until now. So we use freeport to export to Europe and without it, we are keeping the LNG here in America?

Meanwhile, Europe continues to be under Putin's thumb because we aren't exporting our natural gas? Do I have that right? If so, that's ****ed up.

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That's why blowing up nord stream was such a MASSIVE deal. They can't just turn the spigot back on and bring gas to Europe. The more I look at it the more I think an EU country did it. Germany was already wavering and the rest of Europe couldn't have that, if Germany went back on their word and struck a deal with Russia, it would have been all over IMO. If would fracture the EU.

The complete morons in European governments have completely failed their citizens. If you're going to cut off Russian gas, DONT shut down all your nuke plants and chase some fantasy of a complete green energy transition by Christmas.

First world countries haven't had any real problems for decades and think they can spend their way out of every bad situation. This is real and we will see how bad things can get.

To answer your first question yeah, Freeport liquifies natural gas so you can put it on special ships to send to Europe and Asia. Prices are $50 or so per Mcf there and about $6 per Mcf in the US. We are lucky here in the US to have it so cheap. If Freeport is closed, all that gas stays here in the US and drives domestic prices lower.