3. • CL has below average volatility thereby
making the condition of the market a “quiet
uptrend”
• NG has above average volatility thereby
making the condition of the market a “volatile
uptrend”
4. Intraday Fundamentals
• Data from the Commodities Futures Trading Commission released
Friday showed that hedge funds and money managers increased
their bullish bets in natural gas futures in the week ending February
18.
• Data from the Commodities Futures Trading Commission released
Friday showed that hedge funds and money managers increased
their bullish bets in oil futures in the week ending February 18.
• A 65-mile stretch of the Mississippi River and the Port of New
Orleans were closed to maritime traffic until further notice Sunday
after a barge carrying light-crude oil collided with a towboat,
spilling oil into the river.
• The barge spilled more than 10,000 gallons of oil affecting the
nearby riverbed, leaving a “long-term impact” in the sediment.
6. • I bid for CL at 102.24 and made an offer for
NG at 6.397, thereby completing both the legs
of the inter market spread
• I bid for NG at 6.164 and hit the bids in CL at
102.81 exiting the spread trade
8. Review
• I did a good job in identifying the trade
• I was anxious to exit the spread trade as it was
my “first” trade of the day and I wanted to close
positive to start the day
• I saw a 100 lot offer and I added a stop above it
which was hit in NG to get me out but the market
went on to make new lows just after that
• I should have kept a little more patience
• I CAN IMPROVE EVERYDAY
