rounded corner
rounded corner
top border

Natural Gas Up 10 Points On Weather


Bookmark and Share

Natural Gas Futures---Natural gas futures in the February contract are up 10 points at 3.00 looking to retest the January 2nd high of 3.10 as cooler weather is forecast next week supporting prices here in the short term. I have been recommending a bullish position from around the 2.78 level and if you took that trade the stop loss has been raised to 2.61 & in tomorrow's trade will be raised once again to the 2.73 level as the chart structure is improving therefore the monetary risk will also be lowered.

Natural gas prices are trading above their 20 day but still below their 100 day which also stands at critical resistance at the 3.10 level & if that is broken I think we could head possibly back up to the 3.30/3.50 level in the weeks ahead as it is a very long winter with high volatility.

The energy sector as a whole remains very bullish as we are higher across the board once again today, but the natural gas market basically is a weather market as colder temperatures push prices higher and warmer temperatures push prices lower like we experienced in last weeks trade as we are 50 here in Illinois today, however that has already been reflected into the price so stay long & continue to place the proper stop loss as I do think the contract low that was hit on December 21st around the 2.56 level created the bottom.

TREND: HIGHER--MIXED

CHART STRUCTURE: SOLID

VOLATILITY---HIGH

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

FREE TRIAL FOR THE LIMIT UP COMMODITY NEWSLETTER

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.



Recent articles from this author



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.

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on InsideFutures.com is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Barchart.com. Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. InsideFutures.com is not a broker, nor does it have an affiliation with any broker.


Copyright ©2005-2018 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Legal  •   Privacy Statement