Eoin Treacy's view

Natural gas has had an impressive bounce and reversed a deep short-term oversold condition in the process. It is now at the first area of potential resistance so I closed my long at $2.254 against my purchase at $1.815 on December 16th which was rolled forward on December 24th ad $1.814. There is a good chance natural gas has bottomed but I’m unwilling to risk the short-term profit on the hope it will bounce above the low and will seek to re-enter on evidence of a higher low.  

Following the downward dynamic posted by silver earlier this week I had imposed a stop on my platinum position which was triggered today at $868 against my rolled forward prices of $867.1 while my initial purchases took place at $832.1 and $861.6 in late November.  

My crude oil, palladium, silver, gold and oats positions are now underwater but above their respective lows. I had the option of netting them off against natural gas for a net profit but want to give them some additional room as we approach the holiday.