Here is a question that I always ask myself in the energy markets when looking at WTI and Nat Gas: If you have to buy one and short one which would be which?
The answer to that question can lead me to many things - take one long position, take one short position, take one long AND one short position or stay out of the market entirely. One thing I will not do however is take two longs or two shorts. I am not interested in that kind of exposure.
So today I found myself wondering which was which?
Nat Gas is currently coming back from under the floorboards and quickly
Attached Image (click to enlarge)
While WTI is headed up but firmly in the center of its designated range