Trading the trend: short natural gas
Since the natural gas downtrend is well established we would like to go short but only on a bounce to 2.302 with a stop loss above the late May low at 2.560 and a downside target around the 2.000 mark.
(AI Video Summary)
Previous trading outcomes
In this week's episode of "Trading the trend," Axel Rudolph recaps recent trades, starting with the lucrative long position in spot gold that began in early June, hitting record highs near the $2,500 mark.
A short position on the US dollar index turned profitable after initial losses, showcasing the importance of strategic stop-loss placements.
Rudolph also revisits the short position in New York sugar, which, after being stopped out, was re-entered at an optimal level, bringing potential gains.
Additionally, a long trade in Brent crude oil was mentioned, which, despite an initial rise, required vigilance with an unchanged stop-loss.
This week's trading opportunity
The episode concludes with a recommendation to short natural gas futures but only on a bounce to 2.302, with a stop loss above the late May low at 2.560, and a downside target around the 2.000 mark.
This information has been prepared by IG, a trading name of IG Markets Limited. 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. See full non-independent research disclaimer and quarterly summary.
React to volatility on commodity markets
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
1In the case of all DFBs, there is a fixed expiry at some point in the future.
See opportunity on a commodity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on a commodity?
Don’t miss your chance. Upgrade to a live account to take advantage.
- Analyse and deal seamlessly on fast, intuitive charts
- Get spreads from just 0.3 points on Spot Gold
- See and react to breaking news in-platform
See opportunity on a commodity?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
