In the early trade, natural gas wants to trade higher which will be interesting as it hits resistance zones, but perhaps it will trade up into the $2.50’s which will provide low risk opportunities for length. In the mean time, history does not support a break out above recent highs nor significant declines below the range from the expiration of Oct.
Expect a month of range trading for the Nov contract but perhaps I will be wrong. Until the market proves my errors – will continue to trade accordingly.
