The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday.
Natural gas remains a top inter-market long idea, with soft commodities trying to stabilize but still correcting, and precious metals and miners a bonafide mess. Crude oil is still on watch with a $38 upside trigger on the USO ETF.
But natty remains at the forefront.
The UNG ETF weekly chart shows a tightly-coiled bullish pennant very much in play after last week’s strength.
I view a move and close over $27 and putting a further rally into the mid-$30’s on the table this summer.
BOIL UGAZ are the levered long ETF’s.
ANR WLT are two decimated, but heavily-shorted coal stocks which may be ripe for aggressive squeezes back higher this week. Aggressive traders can keep an eye on them for strength.
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