We looked at the UNG, ETF for natural gas, back on August 8th as a potential reversal day, given the candlestick. While natty does indeed remain in a downtrend, we have seen the commodity make strides to improve.
Natty is quietly having a great day today, and a move above to all of those longer-term moving average clustered is within sight. I would keep a stop-loss below $18.50.
UGAZ is the triple-levered long ETF for natty.
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