Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
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....
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.
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.
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
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
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)
Really don't know how to respond to something like that.
Ohh I know. "Can you provide a source for your statement"?
Oh yeah. When it moves - it moves like nothing else!
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