UNG trades like VXX/UVXY, the future contract rolls pressure price, we now broke the upper channel and the weekly report is out. Plus the contract rolls tomorrow, and we are ending the winter drawing season. We are buying March puts as prices will fall 25% into the spring low. We are running winter specials, join our merry band of traders.
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.