Friday, September 01, 2006

I wish all of you a great Labor day weekend.
Recently I got introduced to the Gas futures (QG V6 is the frontmonth currently) and what makes them attractive is, that they are trading a bit below a monthly support line going back 3 years at least. Add to that, that compared to oil gas is relatively cheap looking at the price increases for the last 2 years and we have a nice commodity to trade on the long side going into the colder season, which should stem further price declines.

2 comments I found over the weekend reading a bit about trading natural Gas:

Gas Pains

Natural-gas futures close at 20-month low