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Do you know if things are getting better? They've added a lot of delivery points and did something with storage rates in wheat (SRW), but I don't know if the changes have helped.
Right now this is all about weather and that also drives cash. Note, Z6 spot reached $120.69 a week ago. It's getting colder now, forecasters are predicting heavy snow storms next week across all NE like crazy. Think this ICE accident simply added to the entire frenzy.
Here's an interesting bit of info. The position limit drops to 1,000 contracts for the last 3 trading days. The last trading day for traders to get under this limit was Friday. Feb NG was up 0.452 that day.
I don't think it is a coincidence that the two trading days with the biggest price increase this year were days when traders had to get out of positions.
Also Feb NG on Monday after Friday's big rise was down 0.335.
I can't wait for the book telling us what really happened in NG the winter of 13/14.
Wow what a move. I turned my AT off. Was just to much swing for my comfort zone. But I should have left it on because would have made a killing. Better safe than sorry. At least I think better safe than sorry.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
