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Dear Traders,silence4991@gmail.com
Natural Gas???
While most traders focus on markets like mini SP, mini NASDAQ, Crude oil and Gold, others may trade across the board in different markets including Natural Gas.
The last few days we witnessed some of the strongest volatility I have seen in ANY market for a while.
Here is a 60 minute chart of Natural Gas from the last 3 days, “picture is worth a 1000 words”…..I also circled the dollar value of the move per one contract!!
As far as explanation, nothing I can feel confident in as far as reasoning…but here is one source:, SeekingAlpha.com
Natural gas -13%, correcting following recent run-up
Nov. 15, 2018 10:58 AM ET|By:
Carl Surran, SA News Editor
Prices were little changed by today’s
EIA data showing U.S. supplies rising by 39B cf for the week ended Nov. 9.
Futures traders say the cold weather will force utilities to start withdrawing gas from storage caverns that already are well below normal for this time of year, prompting concerns of possible gas shortages in some parts of the U.S. later this winter.
Meanwhile, next-day prices rose to their highest since January at the Henry Hub benchmark in Louisiana, Dominion South in Pennsylvania and Chicago citygate.
Gas-focused equities are mixed:
CHK +1.1%,
AR +0.7%,
EQT +0.1%,
GPOR-0.2%,
COG -1.3%,
RRC -1.8%,
SWN -2%.
Bottom Line is, regardless if you are an option seller, a swing trader, day trader and anything in between – ALWAYS have a money a management exit strategy or you can really get caught in a bad situation.
Good Trading
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions 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 at any time.
Futures Trading Levels
11-16-2018
Economic Reports, source:
www.forexfactory.com
|
| FriNov 16 |
2:00am |
EUR |
|
German WPI m/m
|
|
|
0.2% |
0.4% |
|
|
3:30am |
EUR |
|
ECB President Draghi Speaks
|
|
|
|
|
|
|
5:00am |
EUR |
|
Final CPI y/y
|
|
|
2.2% |
2.1% |
|
|
|
EUR |
|
Final Core CPI y/y
|
|
|
1.1% |
1.1% |
|
|
6:00am |
EUR |
|
Italian Trade Balance
|
|
|
2.87B |
2.56B |
|
|
8:00am |
EUR |
|
German Buba President Weidmann Speaks
|
|
|
|
|
|
|
9:15am |
USD |
|
Capacity Utilization Rate
|
|
|
78.3% |
78.1% |
|
|
|
USD |
|
Industrial Production m/m
|
|
|
0.2% |
0.3% |
|
|
9:30am |
GBP |
|
CB Leading Index m/m
|
|
|
|
-0.2% |
|
|
4:00pm |
USD |
|
TIC Long-Term Purchases
|
|
|
46.2B |
131.8B |
|
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.
