That being said, I do like owning natural gas and I do own it through an ETF. And that way I can avoid leverage. I just simply hang on to it for an investment. I’m interested in maybe buying a little bit of an ETF position in this general vicinity, but keep in mind, I’m thinking about selling in two to three months. This is not a short term trade.

I do get asked short term analysis all the time about natural gas, but the reality is, unless you know transmission, uh, rates in the United States through the lines, weather patterns in the Northeastern United States and a whole litany of geopolitical issues, you really don’t have much of a chance trying to figure out what the next day or two is going to be.

Granted, we could bounce to the $2.50 level and that would not surprise me at all. But I also think that could offer a little bit of resistance. Either way, this is a market that I think you need to build up a position. This is a swing trader’s market, not a scalper’s market.

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