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  • UNG - BULLISH SIGNALS! 0 comments
    Jul 15, 2009 2:59 AM | about stocks: UNG, USO


    1. Analyst increased massively the negative comments about the UNG and NG trends

    2. Natural Gas up with a crude oil yesterday in difficulty, the result? the spread UNG/USO crossed the 1 month moving average! This is bullish.

    3. The price seem be able at least for now to stay above psycological level of 12.00 area and stocastics indicators are generating buy signals since few days already.

    chart of USO

    Chart of spread UNG/USO (Natural Gas with Crude OIL)

    Here we go... good luck to who is long and who wait to be, and god bless us, and good luck too to shorters a bit more worried today (:-))).

    Disclaimer: currently the writer do not hold positions in UNG shares/ETF but just some put option sold, august, strike 11 and 10.


    Stocks: UNG, USO
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