Trade of the Week: long natural gas

[MongiIG]

Natural gas has managed to break through resistance, signalling a potential bullish resurgence in play. We therefore looks at a long position, with a stop-loss at $2.100 and a target of $3.500.

Josh Mahony also looks back at last weeks short silver trade.

 

Joshua Mahony | Senior Market Analyst, London | Publication date: Monday 13 March 2023

 

 

 

 

[delhuse]

Joshua, where next with this trade, have you closed your position following the continued slide since 13th March?

[Hei123]

I am increasingly confused about how to calculate fees. I opened a small long position of 0.01 lots on MT4, and the contract value was only $213 yesterday, but I was charged a daily financial adjustment of $0.94. This equal to $343 per year, which is a 162% annual rate of return???