Published On: Thu, Apr 27th, 2017

UPDATE: Natural gas extends positive momentum — #SaxoStrats


Short term



Trade view / Yesterday at 22:06 GMT

Product Manager Futures and Options / Saxo Bank



Price target:$ 3.43

Market price:$ 3.12

Management and risk description

After displaying very strong momentum our bullish view on natural gas failed to materialise. See the original trade view here.
This might have been due to the warmer weather in continental US but also to the increase of weekly stock. For the week ending April 14, storage of natural gas increased by 54 Bcf from the week before. The full report can be seen here: Weekly natural gas storage report
Last night was the expiration of May options on the underlying NGK7 and both of the legs of the vertical call spread expired out-of-the-money. Risk was contained to the maximum loss of $ 250 per contract. 

– Edited by Gayle Bryant

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