Friday, 1 June 2012

Natural Gas Short Ends Crazy Ride in Black, Going to Cash

Mostly quiet in trader positioning as reported in this afternoon's Commitments of Traders report.

What's the COT report? you ask.

Why, it's the free weekly data on futures and options positions in major markets released by the U.S. Commodity Futures Trading Commission.

One signal takes effect on next week's open of trading: my trading setup for natural gas goes to cash after being short four weeks. That trade was a real roller coaster - deeply under water at first, then back into the black this past week. Natural gas is craaaazy! Not for the faint of heart, friends.

See my latest signals table for more details on trader positioning in gas and other markets I'm covering using the COT data. Have a good weekend, and good luck next week.

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