EvanMedeiros

Natural gas trying to stabilize & reverse after steep downtrend

Long
AMEX:UNG   United States Natural Gas Fund LP
Natural gas has been in a strong downtrend for the past year but finally sellers look exhausted and prices have stabilized. New lows failed to stick in the beginning of May which has led to a reversal higher.

Sets up for a decent risk-reward trade to the upside, but stops and time-frame is important.

Evan Medeiros
Founder, Trade Risk
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