Natural Gas traded higher again today with October futures making a new contract high up to 5.650. Prices broke out again on continued delays of offshore production returning to normal following Hurricane Ida. Additionally, there are now concerns that Tropical Storm Nicholas could further these delays as it knocked out power to many homes and businesses on Monday/Tuesday in the the Houston, TX area.
My target on this trade was hit earlier this morning @ 5.500 (realized profit of $2,500 per contract). Great job to all who participated on this trade with me! Tomorrow is the weekly EIA storage report which will provide further indication of the recent impacts hitting the Natural Gas sector.
Check out the charts below for the full trade recap. I sent out the following recommendation on 9/14/21:
BOUGHT GNGV21 @ 5.250
SOLD GNGV21 @ 5.500 ($2,500 profit per contract)
*Risk/reward are calculated before commissions and fees*
Call me if you would like to discuss this trade in detail – 312-706-7639.
30 MIN NG Trade Recap
Daily NG Trade Recap
Jace Jarboe | Futures & Options Broker:
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