Hey guys I moved over to shorting oil instead of natty. There's a slight danger of a short squeeze in natty here over the next couple weeks.. I don't see the contango starting until May and although I still believe April contracts will be lower and UNG will be lower, with oil you get the same type of downside (it's 103 today),
the weather effect and same kind of trade profit potential without the supply dangers currently still present in natty. Going with puts on the Crude double bull etf UCO out to July. good luck plus with the stock market so high I think that's a wise short.
interesting.. but on a month-to-month percentage basis, the contango coming there does not appear significant. what's a point or two on 179-180 ? ... more of a short play on the price once growers bring up some yields.