UNG has seen a pretty dramatic decline of nearly 15% over the last month to put it below a 5 month range. I haven't done all the analysis on the bigger picture, but for trading positions (short UNG), I'd be taking them off personally and I'm going to go with a full size, August (standard) $22 call. I'll have charts out shortly.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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