"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, July 1, 2009

UNG - NatGas

The trade in UNG is on its last legs. With Natty now at 3.82, there are precious few ticks left to the downside before I will call this a failed trade. This may not be updated again on the blog so consider these the parameters I am working with.

This is the problem with buying charts while having no fundamental attachment. Ya can't, by definition, be a strong holder.