When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
BOIL - Natural Gas Trading: Bullish Storage Builds Are Ahead
ProShares Ultra Bloomberg Natural Gas
This report covers the week ending July 12, 2019.
Trading Positions
The market became overbought in the short term just as projected TDDs seem to have peaked and dry gas production was still very close to an all-time high. Even as all the other market variables are giving bullish signals (weather models, coal-to-gas switching, consumption, exports, etc.), the supply side is still very discouraging for the bulls. Therefore, the rallies are unlikely to be smooth and easy.
We have significantly reduced our long exposure yesterday (particularly in UGAZ) and decided to increase our short exposure