Price action came back up as markets bounced back from this mornings losses. I'm still not sure that price will go up to 4.2 so I have put in a Sell Order at 4.150, looking for a Take Profit of 3.8 over the next month or so.
I will keep you posted as the week progresses. Trade Smart. Remember these are volatile times - anything could happen to make price action spike in either direction.
HEIKO
Trade active
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Keep a close watch - I just heard Russia could invade Wed. If this happens, NG could spike up. I will close my order and put a Buy Order in if that happens but these are crazy times.
You should stay out of the market if you are risk averse - trade again once this Russia crisis is resolved.
Short? I would be careful with that. With recent tensions between Ukraine and Russia and armies standing on both sides of the border combined with stupidity of European leaders to rely on wind and solar power closing more and more nuclear and coal power plans + cold coming to Europe the demand and unstable political situation will cause huge price spikes. I would be very careful to short it especially after recent price correction - that is to say nobody knows what will happen for certain. Best of luck.
@pavpearls, I think that gas in America does not have to gas in Europe and satiety, although I may be wrong. I opened the smallest position before the market closed. To my delight, there is no gap up, which suggests that we can continue to move downwards. Good luck and best regards!
Shorting in this market at the moment is dangerous. Huge import from U.S as well as domestic demand in U.S. This is going to pump on that
MariusPopa
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Meanwhile, all the European markets have gone up, including the RUS50 index with a huge 5%; normally, this is an indication that war is not expected I put a sell order at 4.35 - I think (hope) the price will go done after Putin-Scholz meeting
Rabalderheim
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@MariusPopa after the news about russian troops i went in on a short as well. Best of luck
HEIKOTradingSystem
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@MariusPopa, Excellent call - I should have waited a little longer....anyway, I'm considering pyramiding :-)