Natural Gas journal.

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OTCkrak

my new favorite contract to trade QG :D

sitting at $4.80 right now.. been beaten down hard from $5.50

EOD i was looking to long 4.75 but never got filled :(

any commentary from ET NG/QG traders?
 
I went long NG last night...I went in at 4.80...more or less.


Im planning to hold until 5.25.


I really don't like NG though. Bad macro trends to be long.
 
But - i do like to 'buy low'. And NG is very low, all things considered. Look what happened when it touched this price in December.
 
Have traded UNG options for a long time and have been trading NG and QG lately.

I've been getting wiggled out, stopped out QG -150. last night. Was up nice 550. on NG after inventories this morning but kept my stop near breakeven, looking for a bigger move but it whipped back down, stopped at +30.

Would like to just buy a contract of QG right now and hang on for 5.50 plus but don't trust it just yet, too choppy and aimless, just daytrades for now.
 
got a 1c move! lol

trading more YM today.++ EUR was swinging CRAZY

i was SURE that the snow and cold weather would push this up a bit.. disappointed at the price action.

>>im new to energy trading..

what happens generally in the summer months with warmer weather for natural gas? can we really see 5.5 again going into the summer with CL below ~80?
 
What are the correlations of NG vs other things? anything you can think about, and correlated??

NG is on its own, a quiet slow death. The only thing for certain is that UNG will continue its slide. Eventually get shut down, or re-organized....
 
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