Friday, June 11, 2010

Nat Gas update: UNG

United States Natural Gas Fund
Thursday, June 3, 2 pm Eastern: 7.49
Friday, June 11, close: 8.17
Gain: +9.08%
Candlestick analysis: "Buy Confirmed" today at 8.10 (American Bulls)
Summary: So many have hated UNG for so long, but it remains a high-volume and liquid trading vehicle. UNG helped lead the sector on down days, and recently it tanked while the other natty gassers soared. It's clearly found a trading range here and seems to be a solid buy below 8.00.

No comments: