#natgas - Today $KOLD will close green for the 5th consecutive day, only the second time that has happened since last Oct. (It has not closed green 6 straight times since last Oct).
@SeanNicol Agreed. My two cents is that a 6th straight green day for KOLD (or red for BOIL) is increasingly unlikely, but only Monday will tell. Either way, I am staying flexible and could go short natgas again next week.
#natgas - As always, aggressive momentum betting on natgas proves dangerous. It was dangerous to short it under $3.20 three weeks ago and it was dangerous to go long last week over $3.70. It's a freakin commodity, not a meme stock.
@BabyGotGas Yep! What got me mad was a video over the weekend where the analyst droned on about natgas "certainly" heading up to "the next resistance" at $4.12, but not even discussing the fundamentals. Idiocy!
$CLF - today is the thinnest volume day since before the earnings release. With liquidity now lacking, how can the 70 milllion short shares ever hope to cover before the next bullish-on-steel Trump Truth Social post?