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Trading natural gas futures


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Trading natural gas futures

  #131 (permalink)
 
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 SMCJB 
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Sorry 3rd post today, and this one isn't even 100% Natty related but since there has been more weather talk in this thread than any other I know, thought this might be interesting to the regulars....

WP:- NOAA to triple supercomputing capacity in bid to dramatically improve forecast accuracy
https://www.washingtonpost.com/weather/2020/03/04/noaa-supercomputer-upgrade/

Of most interest (and surprise) to me was...

In recent years, the accuracy of the GFS, which is America’s main forecasting model that produces predictions more than a week into the future, has fallen well behind the European model as well as the primary models run by Britain’s Met Office and, at times, Environment Canada.

This well-publicized modeling gap, which first gained prominence during Hurricane Sandy in 2012, has worsened recently, motivating Congress to provide additional funding for NOAA’s computing resources.

While the new machines will provide additional speed to run NOAA’s computer models and allow for more data to be fed into them, large differences will still remain between how NOAA operates and how the European model is researched and run each day. These differences may mean that, despite the computing upgrade, the GFS model will continue to lag behind the European in accuracy for years to come.

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  #132 (permalink)
fab200819
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Dose anyone Know what’s going on with natural gas


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  #133 (permalink)
 myrrdin 
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fab200819 View Post
Dose anyone Know what’s going on with natural gas


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Price is moving upwards because of higher temperatures, more exports and lower production. Each of these effects does not seem dramatic to me, but in sum they move the price.

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  #134 (permalink)
fab200819
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myrrdin View Post
Price is moving upwards because of higher temperatures, more exports and lower production. Each of these effects does not seem dramatic to me, but in sum they move the price.

Best regards, Myrrdin


Ok thank you
I agree how weather can add the amount that it has is amazing.
Thanks Alec.


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  #135 (permalink)
 myrrdin 
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fab200819 View Post
Ok thank you
I agree how weather can add the amount that it has is amazing.
Thanks Alec.


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Weather is the major influence on Natural Gas prices. It is used for heating as well as for cooling.

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  #136 (permalink)
 
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 SMCJB 
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CME :- Henry Hub Natural Gas Futures: Global Benchmark

https://www.cmegroup.com/education/articles-and-reports/henry-hub-natural-gas-futures-global-benchmark.html

Nice fundamentals report on Natural Gas Futures by the CME

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  #137 (permalink)
 jamrock 
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most outifts burn off excess natural gas because it is more expensive usually to contain it and resell it. it is just a manipulated price with seaonality based on how much they put back into the atmosphere out of the salt mines where they store it! at least with oil they play with the numbers using fake holding tanks and empty ships! natural gas they just open the valves and we have a shortage.

i like ng to trade with options you can get some hugemoves in the summer oh that just ended

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  #138 (permalink)
fab200819
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jamrock View Post
most outifts burn off excess natural gas because it is more expensive usually to contain it and resell it. it is just a manipulated price with seaonality based on how much they put back into the atmosphere out of the salt mines where they store it! at least with oil they play with the numbers using fake holding tanks and empty ships! natural gas they just open the valves and we have a shortage.

i like ng to trade with options you can get some hugemoves in the summer oh that just ended


Just wow, ... then is there a camera/satellite/sensor anything that is able to see natural gas. If so can it be positioned in the correct place to get the jump on price move. Lol


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  #139 (permalink)
 
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 SMCJB 
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jamrock View Post
most outifts burn off excess natural gas because it is more expensive usually to contain it and resell it.

Yes a lot of NG is flared, primarily because the pipeline capcacity doesn't exits to transport, and prices do go negative hence it makes sense to flare it rather than transport it for a loss. (There is a limit on how much you can flare though, which is why prices do go negative primarily in West Texas)

jamrock View Post
it is just a manipulated price with seaonality based on how much they put back into the atmosphere out of the salt mines where they store it! at least with oil they play with the numbers using fake holding tanks and empty ships! natural gas they just open the valves and we have a shortage.

Really don't know how to respond to something like that.

Ohh I know. "Can you provide a source for your statement"?

jamrock View Post
i like ng to trade with options you can get some hugemoves in the summer oh that just ended

Oh yeah. When it moves - it moves like nothing else!

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  #140 (permalink)
 jamrock 
tampa florida
 
Posts: 63 since Sep 2020


yeah people who manipulate prices always document it. you are tradign manipulations in every market that is all it really is which
doesnt change anything it just makes you understand that nothing is real in fundamentals thats all.

NG is tradeable and so was lumber at the highs.
but it has low liquiduty...so how many lots are you really doing?

most people are clueless about trading in the retail world and how mkts work in general

proof ok.. um amaranth vs centaraus yeah that was real right ha ha ha

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