Hello everyone..
Im new to this forum. Firstly, great job done here by everyone on helping fellow members :thumb:
I am in need of guidance on a position of natural gas bought @333 on 6th. Later on 7th, i averaged it @ 308 considering it sustained around 308-309 for quite some time (strong support). When price dropped to around 300, i hedged it at 282.2 in march contract (at that time, price on Feb was @298).
Today, it has opened low and trading at 293-294 levels.
Could you plz help me on how this week will turn out to be? Will it recover to 320+ before the inventory on thursday?
I have 1.4l in my account and already i'm down with some 60k+.
Please guide me. Thanks.
Im new to this forum. Firstly, great job done here by everyone on helping fellow members :thumb:
I am in need of guidance on a position of natural gas bought @333 on 6th. Later on 7th, i averaged it @ 308 considering it sustained around 308-309 for quite some time (strong support). When price dropped to around 300, i hedged it at 282.2 in march contract (at that time, price on Feb was @298).
Today, it has opened low and trading at 293-294 levels.
Could you plz help me on how this week will turn out to be? Will it recover to 320+ before the inventory on thursday?
I have 1.4l in my account and already i'm down with some 60k+.
Please guide me. Thanks.