UNG Update

happy_trading

oldfox 发表于 2009-5-19 16:49

buctusa

It is hard to tell now. I still believe MM does not exit yet.

Is it a healthy pullback or trend change?  
happy_trading 发表于 2009-5-19 16:47

happy_trading

22# buctusa


Thank you! Today it doesn't look very well. Does the move get impacted by USO which is pretty good.

buctusa

I would recommend hold UNG for mid-term play. Its major problem is Contango and continuously rising inventory.

Right now Oil Price/Natural Gas Price is still at the extreme high. Summer season has high demand for natural gas. Also, possible hurricane will pump up natural gas price.

22# buctusa


Thank you! Today it doesn't look very well. Does the move get impacted by USO which is pretty good.
happy_trading 发表于 2009-5-20 11:27