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HouseOfTrades
Jul 7, 2022 2:56 PM

UNG Reversal time? Long

United States Natural Gas Fund LPArca

Description

Nice breakout so far.
Waiting for confirmation above 21, above that level could test previous highs.

Trade active

Trade active

Locking in half position !
Comments
Brhino8
I agree, it should retest the high, prices in Europe are sky rocketing and bottleneck with Freeport should be a spring board. Very tempted to just trade BOIL, also like SJT for a retirement acct.
HouseOfTrades
@Brhino8, Great fundamental analysis. Thanks for sharing your view.
Brhino8
@HouseOfTrades, nat gas is firming up, but the equities are lagging, not surprised as cash is king in this market. I find SJT leads, high yield, pays monthly. TLT and bonds, HYG, JNK starting to turn up, so gas stocks could get support - AR, RRC, SWN, EQT, CRK.
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