rounded corner
rounded corner
top border

Will Natural Gas Fill The Gap ?


Bookmark and Share

Natural Gas Futures--- Natural gas futures in the December contract finished down 1 point at 3.54 in a nonvolatile trading manner this Thursday afternoon in New York after hitting a fresh yearly high in yesterday's trade all due to a cold weather forecast for 2019.

I was recommending a bullish position from around the 3.10 level, but that situation never occurred as I'm sitting on the sidelines, however I'm certainly not recommending any type of bearish position, but I don't like the price gap that was created on Monday between 3.31/3.43 as I think that will be filled so be patient as I'm still looking at a bullish position in the coming weeks ahead.

Natural gas prices are trading above their 20 and 100 day moving average as the trend really is to the upside as I still think there's a lot of room to run to the upside as strong demand has also supported prices in recent weeks. The energy sector has completely fallen out of bed over the last month except for natural gas as they can move in opposite directions as the chart structure and the risk/reward at this time are terrible in my opinion.

The volatility in natural gas has started to expand as it will become more violent during the winter months as you can have huge price spikes to the upside due to extremely cold weather as I still think there's a possibility that situation will occur, but that does not happen until the months of January and February.

TREND: ---HIGHER

CHART STRUCTURE: POOR

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  •   Terms of Use  •   Privacy Policy