Any idea why /NG tanked so much?

Discussion in 'Commodity Futures' started by traderjoe999, Dec 16, 2017.

  1. srinir

    srinir

    Snap2.png Snap1.png NG is wild beast compared to CL. It has become little tame compared to early 2000, but it always has higher volatility
     
    #11     Dec 16, 2017
  2. themickey

    themickey

  3. Overnight

    Overnight

    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...

    ngcont for mav.JPG

    NG $13,000 range on 1 contract

    clcont for mav.JPG

    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.
     
    #13     Dec 17, 2017
  4. Maverick74

    Maverick74

    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".
     
    #14     Dec 17, 2017
  5. Overnight

    Overnight

    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.
     
    Last edited: Dec 17, 2017
    #15     Dec 17, 2017
    murray t turtle likes this.
  6. %%
    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:cool:
     
    #16     Dec 20, 2017
  7. Handle123

    Handle123

    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.
     
    #17     Dec 27, 2017