NG is wild beast compared to CL. It has become little tame compared to early 2000, but it always has higher volatility
Went back onto trading machine a bit early, to try to watch BTC. Here's what I meant about volatility being different between the two... Price range over the past year. NG... NG $13,000 range on 1 contract CL $17,000 range on one contract. The blue horizontal lines marks the yearly range. Sorry the charts are so compressed and ugly. This was a quicky chart generation, for comparison.
Yes but the value of a CL contract is 57k compared to about 26k for natty! CL is over twice the size with only a 10% larger "dollar range".
Well, hold on there Mr. Mav. We were speaking of potential volatility. My observations showed that CL seemed to be better for profit taking on a general daily range basis. Both contracts are $10 per tick. So in theory the instrument with the better range should have better profit potential. My whole thing was...staring at both the NG and CL charts day in and day out, CL over all was the winner.
%% Ever looked a 10 or 20 year chart; not exact numbers,, but $1.40 .....to $14.00, vice versa, wild roller coaster??You still can see many pics of them flaring the stuff
Long term I trade NG/hedged and taking stabs to find bottom since October 2015, got first target once on 10% of position, and have tried to add on several times since bottoms were made after 10/15. Relatively speaking, NG is cheap, just have to have patience for move higher eventually. Work spreads and dance options around.