One of the great feature I like with TradingView is the ability to compare different ticker via arithmetic addition/division/subtraction.
From here, I'm comparing between UNG and USO. Since both are directly related to energy, tough choice huh?
Charting it out helps a lot and we can see a clear breakout trend between the ratios!
Clearly Natural Gas (UNG) might...
UGAZ spiked up on fundamental news last week, but dropped aggressively on Friday to test for supply before breaking out higher. The large players are not willing to mark up prices until they are sure that all the selling has dried up and they did this by gaping prices down to force the bears to show there hand. The volume was so low which means the bears are not...
Weather, Trends, Flag pole formation point to more downside in November. Going to start a long position at $3.55, then add at $3.46, $3.55 and at 3.21 if it gets there. This is my first time trading Natural gas so wish me luck
