How low can Natural Gas go?
- Thread starter UVXY20
- Start date
ANY time you play NG you might "get whipsawed". (NG IS known as "the widow maker market", you know.) However...
Earlier it was posited that NG might spend 6 months between $1.75-$2.00.
Current price on NYMEX = $2.32.
FWIW...
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CannonTrading_Ilan
Sponsor
Monthly chart for larger time frame view:
$1.43 chart low. Wow! That's still a lot of damage from here, should it get there. Might be a "trade of a lifetime" if it gets there again... all players should remain attentive and alert.
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Historically, "$2-ish" has been a good place to buy. No guarantees for this time, of course.
Aren't you short puts?
If buy low + sell high = $$, NG is giving you half of that equation right now. 84% of global energy comes from fossil fuels. 24% of that number is NG.
I'm long NG with a time horizon of 3 years. So there you go.
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Why do you want to swing trade NG?
Go do day trading.
Then you don't have to worry about a hot winter or freezing winter and those things.
Then you don't have to worry about how low it can go.
On most days, the day range is > 0.1 point (4%) which is more than
enough for day trading.
Occasionally the day range could be > 0.2 point (8%).
Where else can you find such a huge day range for trading?!
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