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On CNBC's "Futures Outlook," Scott Nations said he wants to be a buyer of natural gas. The commodity traded sharply lower on Thursday on the news of increased storage and Nations sees an opportunity to buy.
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He wants to buy the January futures contract at $2.60. His price target is $2.85 and he would place a stop loss at $2.50. If the price jumps to his target price, he is going to make a profit of $2,500. If natural gas continues to trade lower and Nations manages to close the trade at $2.50, he is going to lose $1,000.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.