Authored by Vittoria Onufrio, Senior Broker at Halifax America
Let’s take a look at the following spread NGJ8-NGK8 (Natural Gas spread)
The Spread Indicator entered the overbought level. The indicator crossed above 80 suggesting that the April 2018 Natural Gas contract is weaker than the May 2018 contract. I would consider selling Natural Gas April 2018 and buying Natural Gas May 2018 before the closing of the market.
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