Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

UNG USO spread - nothing to do

|Includes: The United States Natural Gas ETF, LP (UNG), USO



Do you remember the price of UNG up 20% in a single day in the spring 2009? only something like that in a crazy day under a crazy economic data that concern the Gas can resolve this ration UNG/USO and who knows for just some day and then consolidation again before a real change of trend.

Nothing to comment on this chart because after the premium at 20% I lost interest to comment something is more agains UNG than USO. Probabily we should just apply a stop loss to this trade or reduce the position and average again at some ridicolous point if will come or close at a jump of 10/15% as I said above in some crazy day in the next autumn.