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Seasonal Spread, Natural Gas Nov 15 - Jan 16

This spread with Natural Gas futures is close to a bearish seasonal trend:

I would wait for a downside breakout in the actual spread range in order to take advantage of the bearish seasonality.

Last year, I traded a similar spread (NG VZ): Natural Gas VZ4

Bearish trend worked nicely: Natural Gas VZ4 (5)

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