Natural Gas that is. I went long a low risk trade on Natty Gas, ticker UNG. If it can hold that new trendline, it may have a chance at 13.00, Stoch is starting to turn up and is oversold.
Tuesday, August 18, 2009
Who passed the gas
UPDATE! OUT OF UNG -.01 Loss, did not like the trade
Natural Gas that is. I went long a low risk trade on Natty Gas, ticker UNG. If it can hold that new trendline, it may have a chance at 13.00, Stoch is starting to turn up and is oversold.
There is Hurricane Bill out in the Atlantic, but it may not even be a factor it's projected path is not towards the Gulf of Mexico. It should make for some nice surf on Long Island this weekend though.
Natural Gas that is. I went long a low risk trade on Natty Gas, ticker UNG. If it can hold that new trendline, it may have a chance at 13.00, Stoch is starting to turn up and is oversold.
