how to trade natural gas - Page 3

Price has finally covered the gap created on Wednesday. However today we expect the EIA data which experts forecast to show an increase in storage which could mean a bearish outlook for gas.

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@yokoyi - 2 months ago

Modest open interest in PUTs is starting to build up around 2,700 price level prior to the release of the EIA report in the next 1 hour. Experts forecast that natural gas inventories will increase (meaning low demand) so if the actual data is the same or higher than the forecast we could see a fall in natural gas prices. But, if the actual data comes out showing a lower inventory then we could see price rise. But judging from the fear index (options) it looks like price will fall.

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@yokoyi - 2 months ago

The NYMEX exchange has opened for business and we are expecting the EIA natural gas storage report in the next 7 minutes.

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@yokoyi - 2 months ago

EIA natural gas inventory data is out and the actual data was a little bit below expectation/forecast. This means that although there is still a modest demand for gas so prices should go up a bit.

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@yokoyi - 2 months ago

I have thus taken a long trade

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@yokoyi - 2 months ago

I'm up $10 on this trade at the moment.

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@yokoyi - 2 months ago

I am now up $25

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@yokoyi - 2 months ago

I am now up $40, I will now adjust my stop loss to secure $20 in profits

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@yokoyi - 2 months ago

I am up $54 and I have adjusted my stop to secure $30 in profits

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@yokoyi - 2 months ago

Quoted - yokoyi

I am up $54 and I have adjusted my stop to secure $30 in profits

I am closing the trade here and taking $49 profit home.

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@andy_colgate_nottinghill - 2 months ago

Quoted - yokoyi

I am closing the trade here and taking $49 profit home.

So, refreshing to see a real trader here

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@yokoyi - 1 month ago

EIA natural gas inventory was released yesterday and the data was bearish, but price went up first then from the edge of the box, it now began to fall