NG up 30% in 2 weeks

November 9th, 2014, 09:54 AM

NG is up 30% in 2 weeks and stuck on the 200 day MA
Does anyone think it will retrace 50 % to $4
thank you
joe

November 9th, 2014, 12:48 PM

NG in my books is worth a short here: for me the probability of a retrace is higher than the continuation one.
I would drop a contract or two to test the water. But can't tell now what price level would it drop too.

By the way, if you are trading the other energy futures too; I've found gasoline 'RB' very favourable to the upside!
I would also give it a chance this week as well...

Cheers
Fadi

November 9th, 2014, 05:03 PM

Fadi

NG in my books is worth a short here: for me the probability of a retrace is higher than the continuation one.
I would drop a contract or two to test the water. But can't tell now what price level would it drop too.

By the way, if you are trading the other energy futures too; I've found gasoline 'RB' very favourable to the upside!
I would also give it a chance this week as well...

Cheers
Fadi

I've had my eye on RBobs for a few weeks until I looked closer at its unprecedented 6-10 tick intraday spread. basically thats around 80 USD lost just to get in and out at Market. Never tried with Limit orders but this is much more difficult to test with an automated strategy.

NG up 30% in 2 weeks

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NG up 30% in 2 weeks