/biz/ - Business & Finance

also
>natgas

Looking to go UGAZ for the midterm if we ever approach 2.7ish as it SHOULD be a good deal, now natural gas is schizophrenic as hell and one bad march snowstorm will blow it up and prevent a good near term opportunity to go long, a lot of natural gas bulls right now think we aren't going to fall below 2.8 and while 2.8 is an acceptable buy I'm waiting to make a for sure purchase if we potentially get to 2.7 or retest the november lows of 2.6ish, the storage is just too high and we've had record warm temperatures. Looking to purchase UGAZ maybe in the first week of march/last week of february for a midterm hold. I want complete capitulation with screaming and blood in the streets to go long on ngas, too many bearish factors to be risky imo

Gold I'm going to be long on until 1280 or so, I don't really see a catalyst to resurrect the USD and push down gold until later in may when yellen seriously starts to talk about rates and euro instability will push the dollar skyhigh (and gold down as they are generally inverse but maybe not in this situation you might see both go up) At that point JDST will look tempting or to at least exit gold and sit on the sidelines for a clear direction

Oil should be a DWT/short every time at upper 53s to 54, I have no idea why these record bad storage reports keep getting pumped up but I'm not going to complain as they consistently create very easy opportunities to make money on the predictable channel that it collapses to. Going by supply and demand oil should be in the 40s right now since any OPEC cuts will be made up for by american shale production and any pop above 60 will spur the shale producers to make even more and start taking out of drilled but uncompleted wells