Monday, October 29, 2012

When the market opens, our UNG long should look great

Not everything is closed for trade today, such as the Natural Gas Futures.

As most of you know, UNG has been a long-term long position we noticed when it was still moving down and no one wanted to touch it, that gave us an edge in getting in at some very cheap prices with most of us at a profit of at least +20-25% and UNG hasn't even started to move like we believe it will.
UNG's long term leading positive divergence, essentially still in stage 1 waiting for stage 2 mark-up.


This morning however, Natural Gas Futures were off to a nice start and remain so this afternoon.
 This leading positive divergence in 3C this morning looked good for Natural Gas futures and shortly after it formed, NG shot up, but that's only part of the story.

Here's NG opening Futures gap up for the start of the new week, about a +12% gain!

Congratulations to UNG longs, patience is really paying in this one.



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