Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
Trading positions
- Crude Oil [CLZ21] No position currently justified on a risk/reward point of view.
- Natural Gas [NGX21] Long around $5.268-5.335 support (yellow rectangle) – with stop below $5.070 and target at $5.750 – See Fig. 1
Did you miss our last article about the spiciest MLPs to trade? No problem, you can have a look at our selection through our dynamic stock watchlist!
In today’s edition, following the successful completion of our previous trade plan that hit our second target on Friday, we draw a new projection on Henry Hub Natural Gas futures.
However, it’s now time to switch to a new front month contract: December 2021, NGZ21!
Trading Chart
Figure 1 – Henry Hub Natural Gas (NGZ21) Futures (December contract, daily chart, logarithmic scale)
Happy trading!
As always, we’ll keep you, our subscribers, well-informed.
Thank you.
Sebastien Bischeri
Oil & Gas Trading Strategist
