XJO 0.74% 8,208.9 s&p/asx 200

Thanks GVE. I was originally looking at UNG, I heard that by...

  1. 4 Posts.
    Thank you Calvo. I discovered UNG and BOIL, and decided to invest in BOIL to better catch the gains of an NG rally.

    Had a nice rise, now looking like it's backtesting previous support. I might have to jump off on a stop loss. Otherwise, NG is looking like it's creating an inverse H&S. Hopefully it gets colder soon and La Nina brings cooler weather to US and Europe so NG prices can go up. After 2 years of mild weather, 3rd times a charm?
    Thanks GVE. I was originally looking at UNG, I heard that by investing in it, you're liable for tax losses/gains from UNG's actual LLC? Something odd like that, I was told. I opted to buy more into BOIL, which is riskier, but seems to amplify any gains (and losses) of NG.

    Hopefully we get a stronger run on NG soon. I'd like to understand better the fundamentals of NG, not sure where to search beyond longer term weather forecasts (La Nina winter), storage levels (average), and potential increases in conflict (Ukraine / Middle East).
 
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