KeisaritJokinen
Long

UGAZ - 8% LONG? - ADX PLAYING TRENDING BELLS!

AMEX:UGAZ   CREDIT SUISSE NASSAU VELOCITY SHS 3XLNG NAT GAS ETN(02/02/32)
Hello hello hello...

Today we're back with UGAZ analysis.
This time we analysed UGAZ's past data and we found some interesting levels which are pretty close to the price we are at the moment.
27$ mark is one of the lowest supports UGAZ has had in the past and it might be the new support after breakout.
28.7$ has been the resistance in the past.
A little higher, 33.3$~, has been a resistance level too.
These 3 price levels are the ones you should keep an eye on. We'll see if we can find any channeling between old resistance and support (28.7$, 27$). If there is channeling between those two prices I would trade them myself.

Adx is showing a bit of reversal movement which means the trend would change from bearish to bullish .

Hope he hit some good numbers.
Also: http://www.instagram.com/jjc_trading for technical analysis content and daytrading! ;)

Kthnxbye,
-JJ-
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