ryan-snk

NG - Short the Monster

Short
ryan-snk Updated   
NYMEX:NGU2020   Henry Hub Natural Gas Futures (Sep 2020)
Natural Gas just had a monster rally and I'm going to ride it back down for a short term trade.

$2.14 has historically been a sticking point so I've opened a short position here on the E-mini contract ($QGU2020).

-1 @ $2.145
Trade closed manually:
After prices broke down a bit I put in a stop loss above $2.1 and immediately got hit. Bulls are being stubborn this morning.

+1 @ $2.105

Profit: $100
Trade active:
Opened a new short position on the September(U) contract.

-1 @ $2.15
Trade closed manually:
Not sure what the dealio is so I'm out. Moving on.

-1 @ $2.185

Loss: $87.50
Comment:
Edit: +1 not -1
Trade active:
Trying this short again.

-1 @ $2.34
Trade closed manually:
+1 @ $2.32

Profit: $50
Trade active:
Last night. Short.
-1 @ $2.535

Target $2.4
Trade closed manually:
+1 @ $2.445
Profit: $225
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