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Warm Weather Sends Natural Gas Sharply Lower


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Natural Gas Futures--- Natural gas prices in the January contract traded lower for the 4th consecutive session ending the week on a sour note hitting a 1 year low after settling last Friday in New York at 3.19 while currently trading at 2.91 down 28 points for the trading week all blamed on extremely warm weather in the Midwestern part of the United States therefore hurting demand.

At the present time I'm not involved in natural gas as I've written about this on several occasions as I thought the price gap would be filled and that did happen in this weeks trade as I still see slightly lower prices, but I will not take a short position as I think we could trade down to the 2.75 level possibly next week as then I will start to look at a bullish position as we enter the month of December.

At the present time the state of Illinois hit almost 65 yesterday which is remarkable as we are going to have another warm week ahead of us, but weather can change very quickly, however I'm not recommending a bullish position at this time. Natural gas prices are trading under their 20 & 100 day moving average as the trend in the short term is negative and probably will not change until the cold weather arrives as that will occur its just a matter of time.

TREND: LOWER

CHART STRUCTURE: POOR

VOLATILITY---INCREASING

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 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

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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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