UNG ugaz DGAZBOILKOLDUNLGAZ I'm gearing up for the next cycle.I wouldn't be surprised to see a deeper flush. Be careful with leveraged ETF's even though they appear cheap. We don't know how low this can go..take a look at what happened to oil etf's as oil went to zero and below. what strange times we live in.
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just short term picture- hidden bear into bear creating a better buying opp.
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I've been very patient with natgas. I kept some short exposure and I'll add that back on the long side. I'm adding a little in UNG calls, 2022 but not much. It looks like UGAZ is being delisted so traders will not have that 3x exposure. I'll be considering other options similar to UNG calls. I'm still being careful with UNG because it could reverse split or break.. Be smart and don't leverage what you cannot afford. I think we're close!
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natural gas has been a good trade but my eye just discovered this potential 3x hidden bear divergence on weekly timeframe. I suspect it will push price down again.. however, when it breaks above it's going to be wildly bullish.. but maybe not yet
@forestreah, What I'm doing- I'm easing into some cheap energy stocks that have been beaten down. I'm very carefully easing into 2022+ calls in UNG but I'm waiting to see if it reverse splits. I'll feel better with options after reverse split.. I won't explain it except to say that option positions can get wrecked due to ETF decay when a reverse split happens.. UNG is not a great choice in my opinion. XLE might be the better choice in terms of ETF's since XLE represents the energy sector. I really hope we get another low/crash in energy stocks into the Fall this year. I'll be interested in going long in 2023+ calls in XLE if this occurs.