View: Technical pattern of UNG

Technical pattern of UNG

US Natural Gas Fund ($UNG) breaking out and following through with its bullish "cup and handle" pattern identified on April 2.

Comments

SteveoSteveo
Friends dont let friend trade UNG its a pig that loses 3% a month on rollover at least 
4/8/13
cmattcmatt
Check out BOIL, might not be any better than UNG, but it's fresh. 4/8/13
Morpheus Trading GroupMorpheus Trading Group
@Steveo, you're right that contango is definitely an issue when holding $UNG for longer periods of time. However, as I specifically stated in my analysis (click on the chart), I do NOT recommend holding for anything more than a few weeks. As a short-term, momentum-trading vehicle it's fine. Besides, backwardation sometimes sets in, which gives the opposite effect of contango. 4/10/13
Morpheus Trading GroupMorpheus Trading Group
@cmatt, thanks for the heads-up on BOIL. Upon quick analysis and chart overlay, it seems to track very closely to $UNG (at least in recent months). It just trades less volume. 4/10/13
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