I have taken the opportunity to exit my short on natural gas for no loss. I entered this trade on 19th March after what looked like a good breakout. I didn’t wait long enough — the actual high for the day would have provided a better entry point — but with a volatile commodity like natural gas you can’t hang about. Now I have waited for five days, and the market has just messed about — see chart below. I don’t feel comfortable with the trade any more. If it was a major breakout, it should have moved by now. Chart from IG Index.

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