Natural gas kissed the Yearly S3 pivot this week at $3.35. Natgas typically bottoms in July and starts to run up in price into the fall months. Look for a possible bottom in natgas here. UNG is the Natgas etf. Use a tight stop as natgas could fall even more with the recession.
Thursday, July 9, 2009
Natural Gas
Natural gas kissed the Yearly S3 pivot this week at $3.35. Natgas typically bottoms in July and starts to run up in price into the fall months. Look for a possible bottom in natgas here. UNG is the Natgas etf. Use a tight stop as natgas could fall even more with the recession.
