What an epic fall on natural gas lately. The commodity tracking ETF UNG has collapsed from $9.65 to its current $7.00 in the last month. This is a whopping drop of 27%. I love collapses like this because it means there will be a big bounce. If an investor or trader can analyze the commodity chart correctly, there is huge money to be made. I did it. After analyzing the chart, natural gas is a buy here. I am in fact buying $UGAZ, a 3X Long Natural Gas ETF. This is riskier but gives you more payout on a hard bounce. Note the stock chart below to see the awesome support level being hit.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.