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Petergluis
Jan 10, 2017 5:58 AM

Buy UNG ranging $7.00 to $7.15 

United States Natural Gas Fund LPArca

Description

all triple and double ETF's such as UGAZ and UVXY always head to zero quickly. They are only short term trades. UNG does not have major support until it gets into the $7.00 to $7.15 range. Once the UNG gets to this range, buy UGAZ, expecting a sharp bounce and able to multiple the gains 3X. This will be a quick bounce and not something you want to marry for months.
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