Markets closed earlier today because of Martin Luther King holiday. Consequently, action was particularly muted on the markets but, surprisingly, not completely dead. Early this morning I had the opportunity to go long crude oil and short gold. Most of my profit today came from these 2 trades. T-notes were not moving really so I exited at almost breakeven on the trade. Natgas has continued to slide again today but my indicators are telling me that we are more than overdue for a bounce/short squeeze. I went long at 2.580 the February contract this morning targeting a move upward over the next few days. I am not normally carrying positions overnight but I will make an exception for this one. Panic stop set at 2.38 on natgas. Result for today +$588 trading 2 contracts (commissions included). Details below.
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