A Quick Jaunt Around Nat Gas
I believe you can extract money from the market even if you don't know where the market is ultimately headed. What this requires is waiting for your setups, and then managing them with all the information available to you. For me, that means that I monitor multiple time frames. In order to completely analyze a market, I like to look at a weekly chart and a daily chart, and then I proceed to my intraday charts in order to refine my entries.
For United States Natural Gas Fund (UNG), let's start with the weekly chart, which paints a bearish picture for the fund. The larger pattern is still bearish, as the ETF remains below both the 200-day and 50-day simple moving averages, and the general longer-term pattern is of lower lows and lower highs. The last key decision in UNG was made at the end of July, at which point UNG hit time and price resistance....553 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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