$ProShares Ultra Bloomberg Natural Gas (BOIL.US)$ Though Im ...
$ProShares Ultra Bloomberg Natural Gas(BOIL.US$
Though Im enjoying the weather that todays slouch in pricing is bringing over the next week, Im enjoying the 10% discount I got on another block of shares of my BOIL ETF quite a bit more!
Virtually nothing has changed the overall fundamental or macro picture………. So I bought ALL of Homer’s shares today…. ( as this article was updated Monday August 8th 2022)
Though Im enjoying the weather that todays slouch in pricing is bringing over the next week, Im enjoying the 10% discount I got on another block of shares of my BOIL ETF quite a bit more!
Virtually nothing has changed the overall fundamental or macro picture………. So I bought ALL of Homer’s shares today…. ( as this article was updated Monday August 8th 2022)
09:36 AM EDT, 08/08/2022 (MT Newswires) --
Benchmark natural gas fell more than 5% in early trading on Monday as long-term forecasts see the heat now covering much of the country easing, lowering demand for the fuel.
Gas for September delivery was last seen down US$0.43 to US$7.63 per million British thermal units.
The drop came as long-term forecasts from the National Weather Service see temperatures east of the Mississippi review running mostly lower than seasonal over the next six to 10 days, easing cooling demand from the region where temperatures have been in the 90s Fahrenheit.
"The coming 15-day pattern is still slightly bullish due to national CDDs being above normal most days. However, with much more comfortable temperatures arriving over the East Aug 10-20, national demand just won't be nearly as intimidating as it's been the past 6-weeks. To that point, weather patterns could disappoint," NatGasWeather noted on its website.
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