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Natural Gas up big
- Thread starter JayS
- Start date
I went short QGs at $6.50 on Friday.
My long term indicators tell me that we could be near the start of a bear market (12-18 mos) in natural gas. Hoping to cover at $3.25 or less. All the war angst aside, unless the economy comes roaring back to life this year, I don't think current gas prices are sustainable for very long.
If it is a market top, however, I would not be surprised to see some dramatic spikes upward to the mid or high 7's before it turns lower. Good luck trying to trade those moves though.
We'll see...
My long term indicators tell me that we could be near the start of a bear market (12-18 mos) in natural gas. Hoping to cover at $3.25 or less. All the war angst aside, unless the economy comes roaring back to life this year, I don't think current gas prices are sustainable for very long.
If it is a market top, however, I would not be surprised to see some dramatic spikes upward to the mid or high 7's before it turns lower. Good luck trying to trade those moves though.
We'll see...
Quote from saxon:
I went short QGs at $6.50 on Friday.
My long term indicators tell me that we could be near the start of a bear market (12-18 mos) in natural gas. Hoping to cover at $3.25 or less. All the war angst aside, unless the economy comes roaring back to life this year, I don't think current gas prices are sustainable for very long.
If it is a market top, however, I would not be surprised to see some dramatic spikes upward to the mid or high 7's before it turns lower. Good luck trying to trade those moves though.
We'll see...
its over 8 dollars. Damn. Hope you didn't get wiggled out.
Quote from SethArb:
do you trade the nymex electronic products ?
are they are full size or mini contracts?
Yeah I trade on NYMEX Access when I need to (full contracts, mini's are traded on Globex). Problem is that you have to have someone enter you order in a Access terminal (pain in the butt).
Anyone think we can break 2000/01 highs.
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Quote from JayS:
Just hit $9.00 on the spot month (expires in 2 days). Thats a $24,000 gain per contract if you bought Friday's close (margin is $6,750). Be very careful in the energies.
Maybe its just me, but this is probably the biggest commodity story of the year. Not an inflation expert, but shouldn't we all be worry about this?