$NG1! Showing A Similar Trading Pattern As Last Year
$NG1! prices have been depressed for so long, that the only play this year has been short.
As we look ahead to the upcoming winter season, we usually get a strong rally as traders buy the rumor or fear of a harsh winter. Once reality sets in and winter arrives, prices usually sell off.
There's an opportunity for traders to get in and play the fall rally.
Traders need to keep an eye on the 200 day moving average of 2.760 in front month nat gas contracts. Above there, and we have a trend change and algo funds will pile in.
It's important to monitor weekly inventory reports every Thursday. Another way to play is with small producers like our recommendation in $CRK.
As always, use protective stops and trade with caution.
Good luck to all!
As we look ahead to the upcoming winter season, we usually get a strong rally as traders buy the rumor or fear of a harsh winter. Once reality sets in and winter arrives, prices usually sell off.
There's an opportunity for traders to get in and play the fall rally.
Traders need to keep an eye on the 200 day moving average of 2.760 in front month nat gas contracts. Above there, and we have a trend change and algo funds will pile in.
It's important to monitor weekly inventory reports every Thursday. Another way to play is with small producers like our recommendation in $CRK.
As always, use protective stops and trade with caution.
Good luck to all!
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
