Get started

UNG

The Price is Right for Natural GasFor detailed analysis, please see our blog post published on 8/10/14 and feel free to post a comment there: www.syncubate.com As can be seen from the daily chart, UNG has fallen from just over $26 a share near the end of June to just under $22 a share at the close of trading on Friday. From the high point of this trending move lower, UNG has had a nearly 20% drop in price. The ADX line has since topped out and is dropping on the daily time frame, indicating that the trending move lower may have abated for the time being. This is further confirmed by the recent spike of +DMI above -DMI, as the bulls begin to stand their ground. The MACD has also crossed above the signal line, which is another sign that a push higher in price by the bulls may be impending at this point.
AMEX:UNGLong
by Syncubate
UNG - Bullish Case for the Energy SectorUNG has been consolidating for a few weeks long, which is normal after an explosive move to the upside. He have made higher highs and as long as we stay above 24.29, we stay bullish. A bullish move in Natural gas will be positive for oil and gas companies, especially the ones that are more gas focused. Today was a good entry for UNG. there is also a double bottom on the weekly chart for UNG and hence my bullish thesis. Unfortunately there is not enough data to see how UNG reacted to Double bottoms. But this is the lowest low UNG has seen and im Bullish on this commodity.
AMEX:UNGLong
by aravindran1