Natural Gas

[Macca45]

Hi folks, does anyone have thoughts on trading Natural Gas?

[MarkD]

Good luck!

Maybe day trade using trailing stops or VWAP on UNG.

[Macca45]

Thanks MarkD. Much more downside from here?

[MarkD]

Dunno. I don't follow gas, too volatile.

[SOL]

Hi folks, does anyone have thoughts on trading Natural Gas?

The natural gas market is overbought on the long-term monthly charts. Hence by default, I would avoid it. I think Uranium offers a better risk-to-reward ratio if you want to jump in and out. One can do this via URA or through more volatile plays such as DNN

[Macca45]

Thank you, appreciate the feedback.

[chippermon]

It seems there is plenty of gas around, and I'm not just talking about my bodily functions. Still LNG ships docked in Denmark. Storage very full for this time of year. US and EU. Warm weather coming. No one needs it.

[bpcw]

Our utility bills in the UK better go down soon then or as usual they'll make a host of excuses even though they put the prices up a millisecond after wholesale prices went up due to the war.

[chippermon]

Our utility bills in the UK better go down soon then or as usual they'll make a host of excuses even though they put the prices up a millisecond after wholesale prices went up due to the war.

I know. In December or January I saw EU and maybe UK electricity prices go up 500% ( give or take) over night during that cold spell because the wind turbines wouldn't turn in the cold and snow. No base load any more. That's crazy. I guess when it blows it's a good deal though.

[harryg]

Our utility bills in the UK better go down soon then or as usual they'll make a host of excuses even though they put the prices up a millisecond after wholesale prices went up due to the war.

A few days out of date (15th), I forwarded these to a pal who is negotiating hard on a commercial energy supply contract for multiple care homes.

This is not NG Henry Hub futures pricing, but the pricing that we (UK/EU consumers) are subject to.

Dutch TTF (EU benchmark)



Of course, the UK has to have their own one in pence per therms....

[bpcw]

Our utility bills in the UK better go down soon then or as usual they'll make a host of excuses even though they put the prices up a millisecond after wholesale prices went up due to the war.

A few days out of date (15th), I forwarded these to a pal who is negotiating hard on a commercial energy supply contract for multiple care homes.

This is not NG Henry Hub futures pricing, but the pricing that we (UK/EU consumers) are subject to.

Dutch TTF (EU benchmark)

Of course, the UK has to have their own one in pence per therms....

I've been following the wholesale prices, we are now about 35% down on pre war prices.

What's the conclusion on why our energy prices aren't coming down or at least talk of them dropping, think their still talking of higher prices. Surely they can't keep making excuses.

And where have you been Harry?

[MarkD]

Utes use both hedging and LT contracts in the States in an attempt to mitigate price fluctuations. I personally know how the risk averse engineering community plan and budget so I suspect that has some impact. Don't know about UK practices.

BTW, the forecasts were usually wrong and all of the effort and budget activity did not seem to justify the output. I suspect this was all related to the 70's energy crisis, which was actually a FOREX related currency crisis.

[bpcw]

Utes use both hedging and LT contracts in the States in an attempt to mitigate price fluctuations. I personally know how the risk averse engineering community plan and budget so I suspect that has some impact. Don't know about UK practices.

BTW, the forecasts were usually wrong and all of the effort and budget activity did not seem to justify the output. I suspect this was all related to the 70's energy crisis, which was actually a FOREX related currency crisis.

The UK, a wing and a prayer I think!

[harryg]

I've been following the wholesale prices, we are now about 35% down on pre war prices.

What's the conclusion on why our energy prices aren't coming down or at least talk of them dropping, think their still talking of higher prices. Surely they can't keep making excuses.

UK is a mess unfortunately, no-one willing to take control/responsibility for anything it seems. Lurching from one avoidable crisis to the next.

The excuse for pricing will be that the rates are based on previous period etc etc.

And where have you been Harry?

Hibernating and hols.

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