For those looking for a tight stop, a stop on a closing basis could be put under today's intraday lows and you have very little risk. On the other hand, this looks like a solid head fake move in UNG. I'd caution you about volatility tomorrow morning as Inventories are released, thus the stop on the close.
This is a long term favorite, long via UGAXZ-3x long Nat Gas or UNG.
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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