Natural gas had another stellar rally today.
Bouncing hard off the 7 day moving average and making new weekly highs.
We have completed the measured bull flag move in the near term so an extra rally from here is pure shorts getting cooked in my opinion.
With price action rallying so far so quickly we pared back and secured some profits on our natural gas equity positions.
We sold our RRC December calls for 115% gain.
We trimmed our AR January calls for 65% gain.
We still have equity exposure and positions in profit so now it becomes a game of managing protecting profits.
In the near term I would not be surprised to see a minor pullback or 1-2 weeks of consolidation.
Bouncing hard off the 7 day moving average and making new weekly highs.
We have completed the measured bull flag move in the near term so an extra rally from here is pure shorts getting cooked in my opinion.
With price action rallying so far so quickly we pared back and secured some profits on our natural gas equity positions.
We sold our RRC December calls for 115% gain.
We trimmed our AR January calls for 65% gain.
We still have equity exposure and positions in profit so now it becomes a game of managing protecting profits.
In the near term I would not be surprised to see a minor pullback or 1-2 weeks of consolidation.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.