Natural Gas futures have reached very long term support. In our eyes this trade set up is no different than buying Crude in mid 30's last year. Buying GAZ this morning, with the potential of a double in a year.
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Nat Gas at major long term support. Position trade of the year?
Started by
autobot
, Mar 09 2010 09:23 AM
2 replies to this topic
#3
SilentOne
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- Traders-Talk User
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Posted 09 March 2010 - 11:36 AM
hi autobot,
I have a buy UNG > 8.41. COT is very favorable provided commercials don't bail on longs as they did last spring.
cheers,
john
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
