Category: Forex News, News
Natural Gas Price Forecast – Natural Gas Reacting to Hurricane Fears
I had been positioned for this previously, although I was focusing more on the idea of colder temperatures coming to the stage. So, we may have a spike, a pullback, a pretty significant pullback, and then that move again. Traders are starting to bring in the idea of those colder temperatures. So, this hurricane threat kind of all hits at the right time to just really get things going. Now, with that being said, I do think that you can’t chase it here. You also can’t do a huge position.
You have to be very cautious about overextending yourself. If we get a significant pullback, perhaps the hurricane comes to the Gulf of Mexico, nothing really happens. That might be your entry point. But again, as you know, you’ve been watching me here, I’m actually long via an ETF. So, while the gains are substantial here, and I may trend trim some of them, the reality is I’m not levered that much, so I don’t really care. The only way to play this market is swing trading with low leverage that I have found.
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