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
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