Oil and Natural Gas

#NGAS / Daily & H4

NGAS / H4

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
Weekly


While WTI is headed up but firmly in the center of its designated range
Daily

#NGAS / Weekly

Guys, if seasonality is to be "believed", there might be infliction point for NGAS in about 1-2weeks, right? Would appear BUY from there, what do you think?

This is very logical thinking, but we are already well into winter and it's been very warm in the US compared to other winters. Demand relies on the cold winter that seems like it's not going to come this year. Even though I don't see prices going up, I do not believe shorting Natural Gas is a good idea in the winter months.

I'm with you on not getting short NG during winter... And winter goes until late March so there's still time.

#NGAS / Weekly

Does anyone know why WTI has a lot size of 100 Bbl with a tick value of $1 while USOil has a lot size of 1,000 Bbl with a tick value of $10? Or is this broker dependent?

July expectation, bullish or bearish? Mine is bearish.

Same here since travel will not pick up anywhere soon.

Is there anyone trading Natural Gas as it can be quite profitable?

NG went up by 9¢ today but this is significant since each tick is worth $100.

NG went down by 8¢ today erasing Friday's rise.

NG gained 1¢ today but as you can see on the chart NG is in a consolidation mode since the last 5 trading days.

NG is still in a consolidation mode finish the day at the same price as yesterday's.

NG finally got out of its consolidation range today going up by 20¢ or 9%.