Brandon50115

Natural Gas ETF long

Long
AMEX:FCG   First Trust Natural Gas ETF
I'm all about generating ideas off of the storm hitting the Gulf right now. With an anticipation in increasing high natural gas prices, I'm looking at this chart. A good buy for me is around 21.55 with an initial target of 23.13, where I will take 2/3 profits and move my stop up from 21.20.

As a disclaimer, this post and previous and future posts are my opinions only. Do not make investment decisions off of my ideas. This is not official advice.

Comments

Why trade this as opposed to UGAZ?
Reply
@GSCT, You can certainly trade UGAZ.
Reply