In our newsletter this week we went long some UNG-Natural Gas and it is working out well. The long term supply and demand characteristics were very favorable around the recent lows and we had a
good technical picture as well. As you can see in the chart below UNG has exploded to the upside on extremely high volume. To put where natural gas is in perspective we also included a longer term chart showing the past 14 months.
UNG-Natural Gas ETF
UNG-Natural Gas Long Term Chart
P.S. If you don’t want to miss out on more trades then subscribe to our weekly newsletter where we provide research on Domestic Equities, Foreign Equities, Fixed Income, Commodities, and Currencies along with a model portfolio. If you are interested in going beyond US stocks to generate returns in any market, we at The Macro Trader can help.