Bought Natgas March Futures

We started a position in natural gas (March contract) late last week at $3.015, and will look to add to the position. Basically, after natgas has a huge +20% day recently, it broke the downtrend, and while I don’t expect it will head immediately higher with the velocity we have seen, it appears that this commodity might have transitioned to a bull market again. Stops are down around $2.80, give or take a few pennies.

I’m also keeping my eye on agriculture stocks like NTR, and the futures in both Corn and Wheat. I have not gotten involved as yet, but its possible these commodities are about to transition back to bull status as well, after a correction lasting nearly two years.