Natural Gas: Time to be a buyer
First massive wave has retraced and resetted sentiment. Expecting another to commence shortly.
Entering july 2019 maturity.
Entering july 2019 maturity.
Trade active
Bought July maturity strike 26 optionsTrade active
Added to position, contract option on HenryHub Natural gas Call optionsNote
The major cycle will have upswing till mid March 2020.Upward move estimated to April 10 2019, then a consolidation till August 2019 before strong upward till the March 2020.
Conclusion: Holding long till April 10 in case leveraged and dont want to pay theta. Then wait some time patient before reentry in August which is to be held till March.
The major cycle is pointing upwrds, but I was a bit too early on the minor.
Note
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