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To: Jeff Jordan who wrote (410256)9/21/2010 2:06:13 PM
From: MythMan  Read Replies (1) | Respond to of 436258
 
>>...I'm long a little nat gas?<<

kill the bran muffins for breakfast. -g-



To: Jeff Jordan who wrote (410256)9/21/2010 3:01:53 PM
From: Horgad  Read Replies (1) | Respond to of 436258
 
"I'm long a little nat gas?"

It has been one of my favorite trading sardines for the last couple of years. If you are using UNG, watch-out for the end of the month dips when the contracts get rolled over to the next month. In general, I try to sell before end of month and buy the dip, hopefully, if I am bullish for the future month. Of course, if you are wrong on the next month's trend that dip can just keep growing and growing. :)

For longer term trades, there are some nice trust funds with high dividends that track nat. gas OK. However, their volume is low and tracking not 100% so not really good for short trades.

Also I like to watch oil at the same time. For some strange reason lately it seems to move opposite oil more often then not. So oil can sometimes give you short term hints on nat. gas...

All IMHO