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UNG Long (again)

Posted by StockBuz on October 13, 2013 at 5:14pm in Commodities and Long Setups

For those who didn't get in months ago when I recommended UNG long, here's another shot. It's broken it's falling wedge, came back to test support and is now forming a right shoulder in a head and shoulders bottom. You could take a partial position, add more on any test of the 50d and let it run. Ultimate target is the horizon trend line shown but I would take a partial along the way when overbought and lock in some gains. Stop initially below $17.75 Note: UNL Is another way to play this, although not as liquid.

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stock-trade-ideas, long-ideas, natural-gas, unl, ung

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