Longing Nat Gas will make sense starting around the New Year, IMHO. But the spike would not be long-lived.
Well we can all guess random reversals then promote our brand if we are right. Oh wait, I don't have a brand I just want to make money . I just have a gut feeling Nat Gas will gap up overnight. Based on nothing really.
small size, sold for a modest profit, bot 566 sold 920 1-week roundtrip net +354 other acct bigger profit bot 809+365=1174 sold 1845 net +671 net profit +$1025 from both
u may be right; kold didn't trend up after gap; it may drop tomorrow/nat gas may gap up; i'll rebuy sm size tho now aftermkt (50sh) also bought small sark sco sqqq etc
I have no real reason to know what Nat Gas will do now. What I will say is if Oil goes even higher, say $72-73, Nat Gas likely drops again right away.
Strong trades but I do still question how easy it is to scale into these etfs with reasonable risk. overnight. I am well aware how fast this area can move on very minor catalysts.
This coming US winter is probably going to be rather warm. how low will NG Futures go? there have been long red candlesticks (plus some gapped down) since 29 Nov 2021
Oil looks strong suggesting the big drop was almost entirely variant related. Nat Gas unclear at these levels and how variable world demand is. I trade Cdn producers and basically almost all of them have tremendous financials except they can get dragged down quickly short term on commodity price drops.