Natural Gas Update

As most of you know I've been very bullish on natural gas futures and so far I've been fortunate enough to catch a really big trade. I know some of you did the trade with me back in late January when I first wrote about this particular market so I just wanted to give an update as to where my protective stops are.

What I like to do is place my stops right below significant pivot points. As you can see in the above chart I marked off how I've been trailing my stop.

Right now my protective stop is just below last week's low which would lock in a very nice profit.

For those of you who are curious as to why I was bullish on natural gas you can read about it by clicking here and here