aravindran1
Long

UNG - Bullish Case for the Energy Sector

AMEX:UNG   UNITED STATES NATURAL GAS FUND LP
103 0 1
UNG             has been consolidating for a few weeks long, which is normal after an explosive move to the upside. He have made higher highs and as long as we stay above 24.29, we stay bullish . A bullish move in Natural gas             will be positive for oil             and gas companies, especially the ones that are more gas focused. Today was a good entry for UNG             . there is also a double bottom on the weekly chart for UNG             and hence my bullish thesis. Unfortunately there is not enough data to see how UNG             reacted to Double bottoms. But this is the lowest low UNG             has seen and im Bullish on this commodity.