Feb 16, 2022 Natural Gas Sell Again
Price action actually gapped UP and is heading higher, even though European NG is at it's lowest level since December and has enough NG supplies to get them through the rest of this winter.
Apparently this is all the 'Big Boys' pushing the price up because of some cooler weather coming to the U.S. over the next 2-3 weeks. In my opinion, a few cooler days here and there does not justify this price spike, but who cares about little ole me - it's all about the big boys. They're obviously trying to stop out all of us little people....anyway.
Like they teach you, take your emotion out of your trading and trade the candles. So that's what I'm going to do. There is a 2 day cool down this weekend and then back to warm weather next week, so I'm looking at putting in another Sell Order around 4.7 to take advantage of price action dropping next week. I will monitor price for the rest of this week to see how high it will go and put in another Sell Order then.
I will post again Fri at the latest to update you. Stay Safe.
HEIKO
Apparently this is all the 'Big Boys' pushing the price up because of some cooler weather coming to the U.S. over the next 2-3 weeks. In my opinion, a few cooler days here and there does not justify this price spike, but who cares about little ole me - it's all about the big boys. They're obviously trying to stop out all of us little people....anyway.
Like they teach you, take your emotion out of your trading and trade the candles. So that's what I'm going to do. There is a 2 day cool down this weekend and then back to warm weather next week, so I'm looking at putting in another Sell Order around 4.7 to take advantage of price action dropping next week. I will monitor price for the rest of this week to see how high it will go and put in another Sell Order then.
I will post again Fri at the latest to update you. Stay Safe.
HEIKO