Gas off the bottom
Updated
One might have wondered how much more the price of natural gas futures would fall when they matched 2020 lows of 1.58/MMBtu a few weeks ago.
That seems to have been the worst of it. Gas made a higher high last week, inspiring us to buy 2,500 MMBtu for April delivery at 1.87.
We're happy to let it run to the upside, but would close with a small loss on a reversal to 1.81.
That seems to have been the worst of it. Gas made a higher high last week, inspiring us to buy 2,500 MMBtu for April delivery at 1.87.
We're happy to let it run to the upside, but would close with a small loss on a reversal to 1.81.
Trade closed manually
Sure enough, a reversal and a small loss.
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