Yup, it’s time to start loading up on UNG, the natural gas ETF. The summer has hit so it would seem like the worse time to buy this commodity, but market conditions and technical analysis give us a good reason to start getting into this stock. It’s showing high volume, a flat-lining curve, and it appears to have start it entry back up. This stock was at a high of over $40 just one year ago. It has reached a very low price of $14 within the last month, and currently goes for $14.56. As we get furthur into the weeks ahead, I see a increase in the price as demand starts increasing with futures trading. Look as oil, it has irrationally moved back over $70 not because of demand but people are trading it and bumping that thing back up to levels from last year.
The normal ratio of oil to gas has averaged 6:1, we’re looking at over 14:1 currently. It’s time for natural gas to move.
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