AMEX:UGAZ   VELOCITYSHARES 3X LONG NATURAL GAS ETN LINKED TO THE S&P GSCI NATURAL GAS INDEX
156 0 1
Natural Gas             dropped on the Head and Shoulders pattern and has met its measured target. This should be the bottom for a little while, I'm not sure how high it will go, but most likely it will rally back up to test the break down of the H&S around $15 where a bunch of weak longs are willing to sell just to break even on their poor entry. Now if price refuses to drop lower and balances side ways between the levels, then it will go higher. For now we have a low risk entry /high reward trade anywhere near these lows with a stop loss at $8.50.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out