STILL BULLISH on UNG!
This is a simple pullback and if you missed the trade the first time, now is a good time to pick it up long or to add to your established long position. Like I said, the first pullback will be to the 10 day m.a. that's at $7.77, but I doubt it even goes down that far.
This is a nice looking long position that should have about a 40% gain at least in it.
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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