Sold 380 HND.TO @ $7.35

I closed my Natural Gas short position this morning as Horizons BetaPro NYMEX Natural Gas Bear Plus (HND.TO) tested $7.40 support on notable volume. Figure 1 shows the intraday chart of HND.TO at the time of my exit.

Horizons BetaPro Natural Gas Bear Plus (HND.TO)

HND.TO touched $8.60 last week while I was away. So I am not taking any chance for this position to go negative. The net gain in this is $25 after $10 commission, which is essentially breakeven from my $7.25 purchase price a couple of weeks ago.

Looking at the daily chart of Figure 2, it seems that natural gas is in consolidation mode. I will be watching the channel as drawn on Figure 2 for another chance to short it via HND.TO later.

Horizons BetaPro Natural Gas Bear Plus (HND.TO)

As of this writing, HND.TO has drifted down to $7.14 at the close. I am watching to buy back my shares of HND.TO at $6.50.

Related posts:

1. Bought 250 HND.TO @ $6.51
2. Bought 380 HND.TO @ $7.25, Stop 7.00
3. Bought 250 HOD.TO @ $11.11
4. Sold 250 HOD.TO @ $11.94, +2.2%
5. Sold 300 HOD.TO @ 9.12, Loss -0.6%