Oct Natural gas being sold bigtime
- Thread starter jasonjm
- Start date
There have been powerful rallies in NG along the way. Although they have not lasted more than a few weeks, a powerful rally is a powerful rally.
I'd rather be long than short at this point, btw. Bottom fishing can be profitable if done patiently and in moderation. When trend followers get caught short, they tend to panic, esp in natural gas.
That said, I just went long for a short-term trade. Small position, but one I will closely follow.
you know whats funny -- remember that mother rock hedge fund that had to shut down because its shorts failed?
if they only could have fed their account more cash just to wait it out, look how they would have done...
of course, I assume they were shorting the whole strip, not just one month..
if they only could have fed their account more cash just to wait it out, look how they would have done...
of course, I assume they were shorting the whole strip, not just one month..
Its very rare for a local or a bank trader to successfully manage money. Their skill rests in the ability to scalp and to make money providing liquidity to traders and fund managers. Running money and holding positions requires having a view beyond the next 5 minutes and to be right - locals and bank traders lack that perspective.
On another note, just curious, those long nat gas at +/- 4.9, how long will you hold on?
On another note, just curious, those long nat gas at +/- 4.9, how long will you hold on?
5.60 is a little ambitious with 10 or so trading days left in the month, with oil already at 62.50 and no good news in sight.
My target is 5.10-5.25.
I'd be more focused on those rear months falling down.
