Natural Gas

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  1. #1
    A.D
    A.D is offline Senior Member
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    Default Natural Gas

    Anybody here on the Natural Gas train? I'm not really a commods/energy guy, I like to trade index and currencies more so.

    I traded a company about 2 years ago that was involved in Natural Gas but my timing was a bit premature for the industry it seems, it didn't do very well.

    It hit my radar again tonight when I saw JP Morgan has a price forecast of $5 by the end of Q1 2013... It looks quite strong right now and it has been for the last couple of months (up 20%+).

    So is anyone trading it? Thoughts? To me $3.20 looks like a good technical buy. At that price and if JP Morgans estimate is accurate we could be looking at very promising gains.
    Last edited by A.D; 10-11-2012 at 05:05 PM.

  2. #2
    kunal00@bullsonws's Avatar
    kunal00@bullsonws is offline Silver_Sponsor
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    gas is the future! i trade stocks so i use UNG the etf as my meausre of gas and trade the stocks UPL XCO KWIK as my proxies. gas is in def uptrend!

    Quote Originally Posted by A.D View Post
    Anybody here on the Natural Gas train? I'm not really a commods/energy guy, I like to trade index and currencies more so.

    I traded a company about 2 years ago that was involved in Natural Gas but my timing was a bit premature for the industry it seems, it didn't do very well.

    It hit my radar again tonight when I saw JP Morgan has a price forecast of $5 by the end of Q1 2013... It looks quite strong right now and it has been for the last couple of months (up 20%+).

    So is anyone trading it? Thoughts? To me $3.20 looks like a good technical buy. At that price and if JP Morgans estimate is accurate we could be looking at very promising gains.
    Kunal Desai
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  3. #3
    Mburr's Avatar
    Mburr is offline Senior Member
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    Make sure you investigate the contango in the futures. The CME group website gives you contracts going out for the next ten years and you can see how the slope will help/hurt you. I'm in the ETF business in Canada, and know quite a bit about UNG. You'll get smoked on the negative roll yield IF there is steep contango. You should also know about the roll methodology of UNG, AND always watch the inventory reports on Thursday mornings from the Dept. of Energy.

    Careful... that's my advice.

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