A More Tradable Day

A different sort of day. That's good. That is what we need. We are seeing some reversal action from the previous days across the board. From a trading standpoint, some variation, some rotation, some push and pull is a huge benefit ... at least for me and the guys I chat with during the day.

Natural gas was something I looked at just a few days ago. I find it attractive, as I believe the U.S. dollar will continue to get stronger and that oil will weaken. Although it hasn't been rewarding in the past, Ultra Petroleum (UPL) once again looks interesting. Ultra is pushing up against a very longstanding downtrend line along with the 34- and 50-day moving averages. Normally, I would wait for a short entry, but this little "W" formation has me very intrigued when paired with my thesis on natural gas. Over the resistance levels, including the moving averages, there is a clear path to $19, then $21....290 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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