Forecasts of much colder weather, sent Natural Gas futures (/NG) to their biggest one day gain in two months. Nat. gas futures for February surged 16% higher to $3.5910. The natural gas market is 22% higher in 2019. After a milder than normal December and early January, prices could continue to be volatile. The Energy Information Administration (EIA) will report on gas storage on Thursday.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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