Bought in at $29 early DEC and dont think there will be any upside in the near future. Any suggestions or thoughts as to what is going on here? Its been much colder than last year and we should be eating up inventory so far this winter. Will there be any upside anytime soon???
Listen to blue_yoshi. This is not something you will be safe to "invest" in unless the underlying commodity is at an ultimate low point. I think you may be off in your timing as the next 10 day forcast is predicted even warmer, almost spring like temps. I expect NG to plung even further, you can make money in this but it would be by scalping a point here and there and you can easily get caught on the wrong side of the trade. You can take your loss and hope to have better timing the next buy or hold and have an unrealized loss and hope that NG rebounds by weather related event, supply drawdown or that US becomes more involved in exporting. Good luck, I know it's tough expecially when mother nature is involved.