Use this search feature to quickly find the information you're looking for.


Short Natural Gas Futures 2013-04-08

On Friday April 5, I went short natural gas futures. I shorted at a price of 4.11 at around noon. I have been travelling for nearly a month, hence my late entry and my scarcity. Today I am back at my home base. 

Anyways, I've been looking to short nat gas recently, and I had one blunder. It wasn't really a blunder, it was just a trade that got stopped out. It occurred about 3 weeks ago on the last run up. I tried to short it, but it turned out I was premature. I'm looking for a good run with this trade.

Also, I had been looking for another short entry into the USDX. I had made a short entry into that market about a month ago, and I got stopped out at a very small profit. The trade is listed prior to this entry in my trading blog (which you are reading right now, and you can see the entries in the right-hand column, to your right). Another great shorting opportunity occurred recently in the USDX, but I missed it. So be it.

On Friday April 5, I went short natural gas futures. I shorted at a price of 4.11 at around noon. I have been travelling for nearly a month, hence my late entry and my scarcity. Today I am back at my home base. 

Anyways, I've been looking to short nat gas recently, and I had one blunder. It wasn't really a blunder, it was just a trade that got stopped out. It occurred about 3 weeks ago on the last run up. I tried to short it, but it turned out I was premature. I'm looking for a good run with this trade.

Also, I had been looking for another short entry into the USDX. I had made a short entry into that market about a month ago, and I got stopped out at a very small profit. The trade is listed prior to this entry in my trading blog (which you are reading right now, and you can see the entries in the right-hand column, to your right). Another great shorting opportunity occurred recently in the USDX, but I missed it. So be it.

It seems as though natural gas has had quite an up-run in price. Personally, I feel that its overbought, and has been for a month or two. Long story short, I've been looking to short and I've found a potential opportunity.

Here is a daily chart for May 2013 natural gas futures.

short natural gas futures 2013-04-08

It seems pretty clear to me that there is an MACD divergence here, and an opportunity to short natural gas futures. Higher highs on the price, lower highs on the MACD. In addition, I don't see any sustainable bullish fundamental data going on. The fundamental data that caused this spring-time bull run was poor and overly speculative, at best. It just seems to me that we're due for a good downwards correction. 

Keep in mind, I am using stops to protect myself against counter-position market movements. I am aware of, and willing to acknowledge, that my opinion may be wrong or ill-timed. As such, I am taking precautions to avoid account-breaking losses should the trade work against me.

In Other Markets

I had been of a bullish attitude in sugar for the past several months. Now, however, I am no longer of that attitude. I had not traded aggressively in that market. In fact, I had hardly traded at all. I am still looking for a long position there, but with much, much, much reluctance and patience.

I am still of bearish mind regarding the USDX. However, I am not sure I am willing to make a trade right now. I missed a good opening, and I'm not willing to chase the price.

I was quite bullish in gold. Now I am not. I'm not bearish either. I'll probably just stay away from metals for a while, although I am considering shorting gold at some point.

Ads:

Go from Short Natural Gas Futures to the Futures Trading InfoNet HomePage

Go to Trading Strategies

Go to Reviews for Additional Learning Materials

Go to Contact Us

New! Comments





Go to the Futures Trading Blog for my LATEST TRADES by clicking this link

Futures Trading Blog Posts

posts listed chronologically below


Ads:

LATEST TRADES...

2013-04-08 Short Natural Gas

2013-03-10 Dollar Index

2013-02-17 Crude Oil

2013-02-11 British Pound

2013-02-03 Gold & Updates

2013-01-21 Gold Trade

2013-01-14 Natural Gas

2013-01-14 Gold Update

2013-01-07 Sugar Trade

2013-01-04 Gold Update

2013-01-03 Natural Gas

2012-12-28 Gold Prices

2012-12-26 Natural Gas

2012-12-24 Updates

2012-12-12 Sugar Trade

2012-12-06 Dog Video

2012-12-06 Gold Re-entry

2012-12-05 Natural Gas Update

2012-12-04 Natural Gas

2012-11-29 Gold

2012-11-19 Updates

2012-11-06 Natural Gas

2012-11-01 Natural Gas

2012-10-28 Gold Futures

2012-10-23 Natural Gas

2012-10-22 Sugar, Re-entry

2012-10-18 Sugar

2012-10-17 USDX, Sugar, Gas

2012-10-15 Natural Gas Futures

2012-10-12 Natural Gas Update

2012-10-10 Natural Gas

2012-10-04 Sugar Exit

2012-10-01 Sugar Update

2012-09-25 Natural Gas, Sugar update

2012-09-20 Sugar

2012-09-20 Natural Gas

2012-09-12 Canadian Dollar

2012-09-11 USDX

2012-09-10 Natural Gas

2012-09-09 Natural Gas, DX, GC, SB

2012-09-05 Sugar Futures

2012-09-04 Canadian Dollar

2012-09-01 Gold, Dollar Index

2012-08-24 USDX, Sugar, Gold

2012-08-19 TRADE Sugar

2012-08-16 TRADE Sugar

2012-08-12 10yr T-Notes

2012-07-30 TRADE: AUD/USD

2012-07-23 TRADE: USDX

2012-07-18 TRADE: US Dollar Index

2012-07-17 TRADE: AUD/USD

2012-07-15 10 Year Treasuries

2012-07-06 Sugar Futures

2012-07-02 TRADE: Australian Dollar Futures

2012-06-27 TRADE: Sugar Futures

2012-06-25 TRADE: US Dollar

2012-06-22 TRADE: US Dollar

2012-06-21 TRADE: Gold, Sugar

2012-06-18 More on Gold

2012-06-12 Gold Update

2012-06-12 TRADE: Dollar Index

2012-06-11 TRADE: US Dollar

2012-06-07 TRADE: Gold

Futures Blog Older Posts...