Natural Gas - Bought the Dip

241
Natural Gas prices got hammered this past week. There's too much supply and not enough demand however, prices are near the bottom of the trading range and Summer heat should give prices a boost soon.

It's also worth mentioning that the Dollar DXY is trending lower and which is bullish for all commodities.

Prices are breaking out of a downtrend so I've opened a long position on the September(U) contract.
It's nearing the end of the month and the August(Q) contract will expire soon.

+1 @ $1.725 ($QGU20)
Trade chiuso manualmente
Sell -1 @ $1.825
Profit: $250

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.