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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

You D for Some Gaz?

chessNwine Wed Jan 8, 2014 3:32pm EST 5 Comments

Natural gas is still consolidating its recent breakout, but clearly weakening today. The ETF shows room to drop to the $19.80 breakout point, making the inverse levered DGAZ ETF a hot play today. I am flat here but considering a quick short for the remainder of this week.

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UNG

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5 comments

  1. Randomness
    Randomness
    January 8, 2014 at 3:38 pm

    I have not confirmed but I understand the weekly storage report comes out Thursday

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  2. Randomness
    Randomness
    January 8, 2014 at 3:40 pm

    Also… I also see a H&S with price right at the neckline here and on /ng Price has been volatile of late to say the least.

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  3. gatorsun
    gatorsun
    January 8, 2014 at 5:08 pm

    Im a DGAZing fool…from sub 7.85 to 8ish…finally reaping the win

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  4. gatorsun
    gatorsun
    January 8, 2014 at 5:19 pm

    Chess,,,whats your view on USO or UCO?? crude in death spiral? or overdone.?

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