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This is probably a topic that has been adressed more often, however I'm still puzzled with how to properly trade this situation.
Since recently I added Natural Gas futures to my instrument, with the intention to swing (buy and hold for weeks or months), however with appalling results so far. I realized that the spot market differs significantly from the futures market, as much that the spot market currently evolves into an upward slope, while the futures (backadjusted) prints all time lows, see attached screenshot.
My question for swing traders (double digit % swings) is, which chart/market is considered more "reliable" for finding setups, spot market or futures. Painfully I learned that buying futures on basis of the spot market is a losing strategy (this is considerably different from ES that I trade daily), hence my question.
Thanks in advance for any advice.
All best,
Sybren
Buying and holding for weeks to months is not swing trading. It is investing. Given the inherent volatility in NG it is highly unlikely an individual will hold positions for anything close to those periods especially since it will involve rollovers. If you want to swing trade for days to a week then the chart of the individual futures contract will be sufficient. If you want to invest in that sector, then looking at the relevant equities is a much better fit.
