Friday, November 19, 2010

Bullish reversal in the Natural Gas Fund ETF (UNG) ?

United States Natural Gas Fund, LP (UNG) chart analysis ;
1) Do we have a bottom pattern ?
2) Typical ABC pattern, with "A" reversing right above the 50 days exp MA.
3) Buy level is right above the "trigger"
4) We need a volume break as well

1 comments:

Lee said...

Moise, please use a Nat Gas chart. The contango with UNG is too massive. The 50SMA and any other indicators are near useless.