Natural Gas - A Strong Move Boosts Our ETF IdeaSo far this year, we have published two ideas on Natural Gas. One on the long side (via the UNG ETF) and one on the short side directly via the commodity.
UNG ETF on 14 May: This idea has appreciated via 35% and 44% from confirmation and publication respectively, with the full target of $14.60 being reached last week Thursday. The original idea via my research report has been inserted on the chart.
NG: A counter-trend short/sell on 12 August at $4.00. We traded lower, down to to 3.73 (a 'short' move of -6.75%). As noted via my research, a trailing stop was applicable.
So far the NatGas has continue to advance, with the medium term setup prevailing vs the short term setup.
What to know what's next for the commodity or which other ETF is setting up as a buy? Get in touch today.
