Trading the trend: short natural gas
Last week, natural gas futures topped out around the January high, which is why we would like to go short with a stop loss at 3.140 and a downside target at 2.150.
(AI Video Summary)
Previous TUI and EUR/USD trading outcomes
In the latest episode of "Trading the trend", Axel Rudolph covers strategic decisions in trading with a focus on the importance of setting stop-loss orders correctly. A vivid recount of going long on TUI's share price revealed an unexpected downtrend, yet due to a strategically placed stop-loss, the position remains open.
Similarly, insights on EUR/USD trades highlighted maintaining positions with adjusted stop losses.
This week's trading opportunity
Additionally, a new perspective is introduced on trading natural gas futures, suggesting a short position based on recent price resistance and anticipated downtrends. It is advised to go short with a stop loss at 3.140, and a downside target at 2.150.
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Speculate on commodities
Trade commodity futures, as well as 27 commodity markets with no fixed expiries.1
- Wide range of popular and niche metals, energies and softs
- Spreads from 0.3 pts on Spot Gold, 2 pts on Spot Silver and 2.8 pts on Oil
- View continuous charting, backdated for up to five years
Live prices on most popular markets
- Forex
- Shares
- Indices
