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sysatrading
Nov 3, 2018 8:52 PM

#NG_F $NG_F #NaturalGas - Bear spread Short

NGM2019-NGK2019NYMEX

Description

COT analysis in Natural Gas confirms an extreme overbought state of a market. That is why I built this bear spread, which is quite cheap yet. There is very nice potential in this trade. I already opened a position at 0,025 with PT 0,040 (150/contract) and SL 0,020 (50/contract). The price could do some corrections before it will go up. 

Trade closed: stop reached

Price hit a SL. Exit at 0,011 (loss 140/contract).
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