Anatomy of a Trade: Natural Gas

In this second edition we look at a short trade in Natural Gas which occurred during November and December 2021.

The Setup

Although the main enactment of the short trade we are examining here came in November 2021 every trade must have some kind of context and supporting underlying trend (Sigma-L) to assist in entry. The longer term phasing in natural gas had suggested as early as September 2021 that the 18 month component was peaking.