Natural Gas - Bought the Dip
Natural Gas prices got hammered this past week. There's too much supply and not enough demand however, prices are near the bottom of the trading range and Summer heat should give prices a boost soon.
It's also worth mentioning that the Dollar DXY is trending lower and which is bullish for all commodities.
Prices are breaking out of a downtrend so I've opened a long position on the September(U) contract.
It's nearing the end of the month and the August(Q) contract will expire soon.
+1 @ $1.725 ($QGU20)
It's also worth mentioning that the Dollar DXY is trending lower and which is bullish for all commodities.
Prices are breaking out of a downtrend so I've opened a long position on the September(U) contract.
It's nearing the end of the month and the August(Q) contract will expire soon.
+1 @ $1.725 ($QGU20)
Trade closed manually:
Sell -1 @ $1.825
Profit: $250
Profit: $250
