• 7 minutes Get First Access To The Oilprice App!
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 17 minutes Renewables in US Set for Fast Growth
  • 3 hours Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 2 hours Oceans "Under Fire" Of Plastic Trash
  • 7 mins Socialists want to exorcise the O&G demon by 2030
  • 21 hours Is Natural Gas Renewable? I say yes it is.
  • 6 hours Good Marriage And Bad Divorce: Germany's Merkel Wants Britain and EU To Divorce On Good Terms
  • 1 day Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 4 hours Duterte's New Madness: Philippine Senators Oppose President's Push To Lower Criminal Age To 9
  • 23 hours Making Fun of EV Owners: ICE-ing Trend?
  • 21 hours Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 13 hours Cheermongering about O&G in 2019
  • 12 hours North Sea Rocks Could Store Months Of Renewable Energy
  • 5 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 1 day Orphan Wells

Breaking News:

Oil, Gas Industry Fears Skills Shortage

Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

Alt Text

This Supermajor Is Leading The Energy Sector

This supermajor has been standing…

Matthew Bradbard

Matthew Bradbard

I have over 1 decade of experience in the Commodities industry. Managing my own IB for over 5 years and my own CTA for fifteen…

More Info

Trending Discussions

Daily Natural Gas Update - 06.02.13

Natural gas prices have started to ramp up on what I think should be the beginning of the next up leg. In March futures as seen in the chart above prices have moved nearly 20 cents after setting an interim bottom 1 week ago. As of this post prices are flirting with the 50 day MA; identified by the green line and within a few pennies of the 38.2% Fibonacci level. 

I have advised clients to scale into bullish trade looking out to May and June contracts. Those wanting a bit of a cushion could opt to sell out of the money call options 1:1. On a move higher you should make more in your futures leg than you lose on your options leg. As for upside targets on the trade use the Fibonacci levels to structure an objective.

I recognize inventories are extremely high and we may continue to see injections but the reality is the market knows this as well and my take is much of this is priced in. On further cold weather, declines on supply or even smaller injections than previously factored in we should get moderate appreciation. No I’m not calling for a return to $5-7 but certainly I think we have the potential to see a $4 trade in my opinion.

Daily Natural Gas Chart 2
Click on graph to enlarge.

By. Matthew Bradbard

To discuss in more detail this chart or any other you can reach me at: mbradbard@rcmam.com or 954-929-9997

Risk Disclaimer: The opinions contained herein are for general information only and are not intended to provide specific investment advice or recommendations and are not tailored to any specific’s investor’s needs or investment goals.  You should fully understand the risks associated with trading futures, options and retail off-exchange foreign currency transactions (“Forex”) before making any trades. Trading futures, options, and Forex involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change without notice.  Past performance is not necessarily indicative of future results.




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News