$ung $ugaz $dgaz $boil $kold $unl $gaz
I'm gearing up for the next cycle.I wouldn't be surprised to see a deeper flush. Be careful with leveraged ETF's even though they appear cheap. We don't know how low this can go..take a look at what happened to oil etf's as oil went to zero and below. what strange times we live in.
I'm gearing up for the next cycle.I wouldn't be surprised to see a deeper flush. Be careful with leveraged ETF's even though they appear cheap. We don't know how low this can go..take a look at what happened to oil etf's as oil went to zero and below. what strange times we live in.
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just short term picture- hidden bear into bear creating a better buying opp.
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I've been very patient with natgas. I kept some short exposure and I'll add that back on the long side. I'm adding a little in UNG calls, 2022 but not much. It looks like UGAZ is being delisted so traders will not have that 3x exposure. I'll be considering other options similar to UNG calls. I'm still being careful with UNG because it could reverse split or break.. Be smart and don't leverage what you cannot afford. I think we're close!
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natural gas has been a good trade but my eye just discovered this potential 3x hidden bear divergence on weekly timeframe. I suspect it will push price down again.. however, when it breaks above it's going to be wildly bullish.. but maybe not yet