As a way of entering shorts at a better price. See Trade Guild, it looks like we'll get another upside attempt soon.
UNG has a 1 min positive divergence right now, that's about it. It could develop into more, but if it closes below the Trend Channel at $8.08, I would close the position just before the end of day. However, as I mentioned, the second pullback in a new trend is usually at the 22 day moving average which is at $7.94 (it may rise a little later today), normally the Trend Channel is inline with this concept, in this case it's a bit higher so it is not unusual to see a move to the 22 ma, you'll have to decide how you want to handle it. If I see anything that is relevant to UNG today, I will post it.
Is interest rates about to start going up?
-
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
No comments:
Post a Comment