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UNG

Natural Gas. Looking it over. How it looks to me.Natural gas is such a great clean source of energy. A favorite for homes. Likely someday will power cars as well. Hard to believe longer term it will not become more expensive. But currently clearly in a shorter term downtrend (down about 5% today so far). Looking at the daily chart it looks like we have already had a 5 wave up move and are now are in a abc correction. IFFFFFF correct when the correction is over I would expect at least one more 5 wave up. The colored target box seems is where I think the correction may well stop. Will be watching for positive candles or down trend line break. Hope this will be helpful. Take care. Have a good week.
NYMEX:NG1!
by goodguy
5
I'm In! Nat Gas $UNG. See The Trade HereWhat an epic fall on natural gas lately. The commodity tracking ETF $UNG has collapsed from $9.65 to its current $7.00 in the last month. This is a whopping drop of 27%. I love collapses like this because it means there will be a big bounce. If an investor or trader can analyze the commodity chart correctly, there is huge money to be made. I did it. After analyzing the chart, natural gas is a buy here. I am in fact buying $UGAZ, a 3X Long Natural Gas ETF. This is riskier but gives you more payout on a hard bounce. Note the stock chart below to see the awesome support level being hit. View my verified track record performance here: verifiedinvesting.com
AMEX:UNGLong
by jenny_rebekka
1