will cover and take the loss. Bad, bad spot to be in if you're short oil. When oil wants up, it goes up. Period. Furthermore, it's really never been this oversold. Lots and lots of room to keep climbing.
What a mistake. You never know when a bear market is knocking on the door, but nat gas is CLEARLY at the start of a protracted and torturous bear market. Don't think for a second that nat gas is going to bounce - it's not. As for averaging down? How much pain can you take. It's gonna be bad, anything gas related for a LONG, LONG time.