Morning Update Jan 13, 2020

I’m on vacation so my posts will be short this week. I’m holding 30% of funds in UNG still.

Weather is toying with prices as usual. The 11-15 HDD plot shows significant cold but I don’t see how the weather maps agree with this. It feels as though this is all priced in and more cold will be required to spark further bullish interest.

NG1 on 2 hr chart at Tradingview.com

No matter my weather assumptions, the chart is still looking up. I think I’ll be placing a stop at $16.72 on 1/3 of my UNG position and hold on to the rest. This market has a lot to prove in order to go higher.

That’s it for me. Good luck. If i get time, I’ll post more.

Oldinvestor