Natural Gas - Highly manipulated counter

Hi all!

I am a commodities trader who trades regularly at ncdex and mcx.

Now its known that many commodities are manipulated by speculators and mcx and ncdex seem to turn a blind eye to most of them bcos they are probably 'acceptable' to them but then there are counters such as natural gas at mcx where for you can clearly see serious manipulation going on. A few weeks back for september delivery there were 11000 buyers and 1300 sellers and the counter went up for sometime and then suddenly it just crashed big time and there were less than 1000 buyers and more than 2000 sellers. almost everyday u can see manipulation like this going on in this counter and they give a bad name to the daytrading profession. us daytraders dont mind taking a risk to trade but hate it when some big players or traders manipulate in such a way

now why isnt mcx investigating who were behind such antics and more importantly have safeguards to prevent such things from happening? they claim they have good surveillance and such incidents make u wonder if they mean it

Tonight [15 oct] the 27oct2010 natgas crashed to a new low of 158.30 and yesterday and day before it swinged between 160-168 range. a funny thing was that as it went below 159 today and towards 158.50 the number of 'buyers' went down to around 29 while there were more than 4000 sellers and it hadnt touched its lower limit of the day yet.

more manipulation by the bears and hedge fund operators with artificial sell orders?

The answer is simple, these bids and offers are not exactly real!

Market maker or institutions showing their bluff, not their real intentions.

If you think that any of these fancy windows created by the broker are a real window into seeing where the real willing buyers and sellers are in a market, then everybody would be millionaire.



To answer the question, "Who can you trust?" The answer is simple. Trust price.

:thumb:

although natural gas is a highly manipulated counter but if you trade these manipulated counters with support and resistance technique, they will give you extraordinary returns,trade them on 4 hour chart rather then end of day,best of luck

Hi can anyone let me know the...
What is the relationship between natural gas and Dollar?
Are they opposite or are they co-related...?

Sure it doesn't have any relations thanks for the snapshot

Charting Software

ravi_chandra,

seems you got a nice charting software. Can you share with us what is the software you use and its cost.

thanks

Boss nothing is manipulated. NG contract on MCX follows NG traded on CME. Tick to tick. Else there is arbitrage opportunity. Total no of buying quantity or selling quantity in market is useless information. The contract moves exactly as per moves in NG on CME.

Secondly, NG has absolutely no relation to Dollar index or any other thing at all. No data release has effect, No FOMC decision has effect, no NFP nos have any effect. The only thing it reacts to is weekly inventory nos on Thu 8pm. That's it. Everything else is all natural supply demand

hi friends
i totally agree with this view

i do agree that volatility level is very high
and against 24 hour trading of international market ,our market run for 14 hour
SO GAP UP AND GAP DOWN OPENING CREATE LOT OF PROBLEM
BUT NOTHING IS MANIPULATED