NatGas is Crashing. How Low Can We Go?

$Micro WTI Crude Oil - main 2302(MCLmain)$

In 2005, hedge fund Amaranth booked a profit of $1bn trading Natgas. A year later, it collapsed with $6bn loss as the Widowmaker fell from 16.3 to 4.5. Two years later the price dropped from 14 to 3, a 79% dive. In my previous posts I kept talking about bear flags and shorting NatGas.

However I believed that max pain was 3.5, which is 65% from the top - August 2022 - how could it go down further, I thought. Well, now looking at historical data, I've changed my mind. There's nothing to stop the Widowmaker from going to $1 this year.

https://www.tradingview.com/chart/NATURALGAS/etd63VRm-NatGas-is-Crashing-How-Low-Can-We-Go/

# Futures Club

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • GREEDisGOOD
    ·2023-01-14
    thanks for sharing
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  • Holomatt
    ·2023-01-14
    Low low low low
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  • MicroStrategist
    ·2023-01-14
    nowhere
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  • MicroStrategist
    ·2023-01-14
    yaya
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  • zerolih
    ·2023-01-14
    be cautious
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  • MarkLim
    ·2023-01-14
    ik
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  • Went
    ·2023-01-14
    Ffddd
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  • ethanlam
    ·2023-01-14
    warm
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  • ok
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  • gnossor
    ·2023-01-14
    👍🏽
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  • MG8000
    ·2023-01-14
    Ok
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  • CLONGER
    ·2023-01-14
    oh gosh
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  • moneyfreedom
    ·2023-01-14
    Vvv
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  • gnossor
    ·2023-01-14
    👍🏽
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  • clementsyc
    ·2023-01-14
    ok
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  • WayneLee
    ·2023-01-14
    Okay
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  • gnossor
    ·2023-01-14
    👍🏽
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  • Tyanak
    ·2023-01-14
    👍🏼
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  • CArs
    ·2023-01-14
    Jjj
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  • teresatqe
    ·2023-01-14
    ok
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