Natural Gas - Bought the Dip Again
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Traders are done selling for now and will be looking to test the $2 level next in anticipation of August heating demand. A bullish pennant is forming and should break out after price clears above the 50 day EMA.
Moving forward, buying the dip is the play as we head towards Winter.
Opened a long position on the September(U) contract @ $1.795
Moving forward, buying the dip is the play as we head towards Winter.
Opened a long position on the September(U) contract @ $1.795
Trade chiuso manualmente
Closed position as price approaches a fib level at $1.94Looking to buy again on a dip or after storage report tomorrow.
-1 @ $1.92
Profit: $350
Trade attivo
Bought the dip+1 @ $1.89
Trade chiuso manualmente
Very impressive rally today. -1 @ $2.00
Profit: $275
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