Zhong Lu + 845 December 9, 2019 Consider: it was trading @ 2.7 about 11 trading days ago. It is currently trading @ 2.2. It's dropping at the rate of 5 cents/day. If this trend continues, natural gas will be priced at -.05 within 45 trading days. Once prices reach this level this means that anyone who owns natural gas futures will have to PAY someone else to take it away from them, like passing along a badge of shame. Quote Share this post Link to post Share on other sites
Zhong Lu + 845 December 9, 2019 (edited) Just changed my mind. 20% position. 7.8. WINTER IS COMING!!!!! [When trading it is important to be able to change your mind quickly based on price action] EDIT: Scaling back a little. Caution is the better part of valour. Edited December 9, 2019 by Zhong Lu Quote Share this post Link to post Share on other sites
Zhong Lu + 845 December 10, 2019 (edited) Took profit. 1% overall on scalp. Out. Edited December 10, 2019 by Zhong Lu Quote Share this post Link to post Share on other sites
Zhong Lu + 845 December 11, 2019 (edited) Saw the COT report. Everyone and their mothers are shorting natural gas. https://www.barchart.com/futures/commitment-of-traders/technical-charts/NG*0 Edited December 11, 2019 by Zhong Lu Quote Share this post Link to post Share on other sites
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