Trading Natural Gas

If you think that's a scary looking chart, check out EU nat gas (select "5Y").
https://tradingeconomics.com/commodity/eu-natural-gas

 

Looks like a warmonger's work product. thanks poopy.

 

NG daily chart



See how badly the day range (lower chart) has degraded.
NG is now not suitable for day trading.
It used to be very good for day trading.

 

we are literally on an occassion of nat gas and demand is dropping. The price to go up is not realistic.

 

If NG follows it's usual patterns, it should drop until the late autumn.

 

The spot market will jump this Summer for A/C demand.

 

However, required margin has been much reduced and spread has become narrower again. When NG was in high volatility months ago, many retailers preferred /QG (mini sized NG) because of high margin/spread. Personally, I like current NG trading conditions.

 

https://www.reuters.com/article/us-...gn-400-billion-gas-deal-idUSBREA4K07K20140521
China and Russia sign $400-billion gas deal

 

Considering it's well below its ten year lows, 'usual patterns' is already off the table.