Feb NG seems too low.
- Thread starter Overnight
- Start date
If you want a winter fuel to tickle your fancy bits, sneak a peek at HO. ;-)
I don't quite like HO. volume has been rather low and the chart tends to be rather spiky.
*spits beverage all over maxinger in surprise*
K, you don't want a 900 tick range over 3 calendar days, that is your bag man. I say it is worth a look.
right. HO (and also RBOB ) day range could be big.
But its trendiness is rather bad. It is not that great for day trading actually .
Yer out of yer head. HO and RB are the greatest-ranging instruments in the CME future basket. Think SIZE and price action.
And once you figure that out? You'll retire rich.
ha! I have included HO and RB in my active workspace.
Be very wary in that space. Those two instruments will fuck you up seven ways to Sunday! Enjoy it, it is great price action!
CannonTrading_Ilan
Sponsor
As we see natural gas prices trading just above 2.50 per one million British Thermal Units (MMbtu), basis the Jan. NYMEX futures contract, it’s good to keep in perspective that the U.S. has been the largest producer of natural gas in the world since 2006 and in 2018 it achieved new record highs in production. Indeed, consumption has also increased, but the U.S. is currently a net exporter and holds the fifth highest proven reserves in the world. So, it’s not surprising that these prices are close to two-year lows. In fact, with the exception of a few brief periods during ’02, ’12 and ’16, natural gas at ±$2.50 is trading near 20-year lows. While climate models will change and natural gas prices will react to predictions of colder or warmer weather, seasonal patterns point to still lower prices into mid-February.