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Natural Gas Higher 7th Day In A Row


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Natural Gas Futures--- Natural gas futures in the December contract settled last Friday in New York at 2.98 while currently trading at 3.21 up about 23 points for the trading week hitting a 6 week high all due to extremely cold temperatures in the Midwestern part of the United States.

If you take a look at the daily chart there is a price gap that was created last Monday at 3.00/3.05 as I do think there's a good chance that will be filled as I'm not involved in this market at the present time, however I do think a bottom was created on November 1st at the 2.84 level.

Natural gas prices basically have gone nowhere over the last 5 months with a couple of false breakouts as I do think a bottoming formation is at hand as we start to enter the extremely volatile winter season when prices can have tremendous price spikes to the upside due to record cold temperatures so take a look at the monthly chart & you will understand what I'm talking about.

Natural gas prices are now trading above their 20 and 100 day moving average telling you that the trend has turned higher as I will keep a close eye on this market as the energy sector as a whole has turned very bullish due to strong demand.

TREND: --HIGHER

CHART STRUCTURE: ---POOR

VOLATILITY: INCREASING

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-312-224-8140 I will be more than happy to help you with your trading or visit www.seeryfutures.com

Skype Address: mseery TWITTER---@seeryfutures

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Email: mseery@seeryfutures.com

If youre looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.



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About the author


Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
 
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
 
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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