AMEX:UNG   United States Natural Gas Fund LP
0
Approaching inflection point on UNG near confluence of 1.00 fib extension of waves (i)-(ii) and 38.2 retrace measured from waves (ii)-(iii). Anticipating decline in wave (v), though corrective decline into alt wave (ii) - shown in blue - would suggest the possibility that a significant low was seen at 5.79.

Took profits on BOIL. Only remaining shares were bought very near the v of (iii) lows. I have some DGAZ purchased on 3/11. May add more today. So, I'm barely net long with 2x leverage, while hedged with 3x leverage. Will be net short if I add DGAZ.

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.