Natural Gas - Winter 2020-21 Update
On June 3rd I posted my strategy for trading Natural Gas this coming Winter (linked below). As prices slowly drift lower, it looks like traders are beginning to accumulate long positions.
I've opened a long position on the December(Z) E-mini contract and might add 1 or 2 more over the next couple months with the sell target up around 3.30ish. Will see how it plays out.
I chose the December contract because the volume on the E-mini is extremely thin on the January and February contracts.
+1 @ $2.76
I've opened a long position on the December(Z) E-mini contract and might add 1 or 2 more over the next couple months with the sell target up around 3.30ish. Will see how it plays out.
I chose the December contract because the volume on the E-mini is extremely thin on the January and February contracts.
+1 @ $2.76
Trade closed manually
Closed position for now as price approaches a fib level. Looking to get back in after storage report tomorrow.-1 @ $2.885
Profit: $312.50
Note
The other reason I closed here is prices topped out at $2.89 last Winter.Note
Ideally, looking for a dip towards $2.6 in the near term.Note
Opened a new long position @ $2.82 on this contract. Updates on this trade will be on my more recent post titled "Natural Gas - Winter Contracts"
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.