From the Desk of Ian Culley @IanCulley
Back in early July, we were looking to buy a bounce in natural gas. Let’s just say it was a success, as our target was hit within weeks.
But you have to remember the environment back then. Commodities had experienced a broad sell-off. And natural gas and agricultural contracts such as wheat and cotton had recently experienced drawdowns exceeding 40%.
It might have seemed like a tough call at the time, but for us it was clear. The risk/reward was in our favor as natty pulled back to test a key level. It was that simple.
Fast forward almost two months, and we’re back for more. Our risk is well-defined, and cyclical areas of the market are assuming leadership.
Today, I’ll share how we’re gearing up for a fresh leg higher in natty gas.