So NG price gapped down from the Big Boys on the weekend, putting the price of NG to almost a 2 year low. Not good for people like me that wanna go LONG and make some money.
Anyway, hold onto your shorts and keep waiting for the low...someone told me maybe 2.5 - looks like maybe they were correct :-)
Anyway, I'm still waiting (isn't that a song?) - doesn't look like anything is gonna change anytime soon. While the U.S. is in a cold snap right now, the long term forecast says seasonal norms so I don't see any crazy price spikes coming anytime soon.
Guess we shall see if we can trade the S n P 500 on Wed depending on how much the Fed raises rates.
@HEIKOTradingSystem - its not right time to be in long term at this moment. As i said earlier 2.5 in the target support. it would further bring down to 1.5 in coming days.. we are surplus in Gas. Russia is floating gas via Ukraine already.
HEIKOTradingSystem
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@kpyogendran Thank You...u r probably correct. your advice is always appreciated... Thank You.
mponevar
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And on SnP 500 do you expect to enter long?
HEIKOTradingSystem
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@mponevar, lol...all depends on the Fed today...you never know what is going to happen. World expects a .25 hike, but what if they surprise with a .50 hike? Or they do a .25 hike but still speak of a lot more hikes coming in the first half of this year? Should be interesting that's for sure. So I'm hedging my bets with a short and a long order in place so I can capture the market whichever way it decides to move :-)