Falling Wedge On $UNG
Updated
Selling pressure may be coming to an end on natgas
Some 10 year NATGAS seasonality charts suggest a bottom by
Mid-April and a top by Mid-June
Similar UNG seasonality charts indicate the same thing
Looking at the June 21st $13 - $14 - $15 & $16 calls
Get some!
Some 10 year NATGAS seasonality charts suggest a bottom by
Mid-April and a top by Mid-June
Similar UNG seasonality charts indicate the same thing
Looking at the June 21st $13 - $14 - $15 & $16 calls
Get some!
Note
Still looking - I may wait a week on this trade.Let's see if UNG reaches $13.80 - $13.90
Maybe go in next week. Peace
Trade active
Got the june 21 $14 $15 and $16 calls. Buy alert should show up.It's broken out of this wedge yo.
Peace
Note
Next week, I may actually add more on any weakness...I think this is gonna go boom.
Open gaps @ $19 & $21.9
Have a great weekend!
Trade active
I sold my June 21 $17 calls for a 125% gainI still have $14 - $15 - $16 calls which are
doing nicely. I feel like there is more room
to run - nat gas to $2.4 to 2.6 levels and
ill start trimming.
Trade closed manually
closed positions - nice trade on this breakoutcould have more room to go - but cpi and ppi
coming up scares me a bit.
the upper channel on this is $19 to $20. But I
just had to book profits. may entertain a short
position if it reaches that high.
good luck everyone
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