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UNG Active Long Trade Update

After recently reaching & slightly exceeding the first price target, the UNG (natural gas ETP) Active Long Trade is taking a little breather as it consolidates here in the gap zone which T1 was set at the top of. Blue line is the near-term uptrend line in which a tight stop could be set (60-min close below is best) with an alternative stop on a 60-minute close below the S1 horizontal support level (orange line). I am still considering adding additional price targets to the UNG trade & will likely add a new entry for a Long-Term Trade (i.e.- trend trade or investment) in UNG, should we get a pullback soon.

UNG 60-minute March 14th

UNG 60-minute March 14th

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Mar 14, 2016 1:25pm|Categories: Completed Trades - Long, Gold & Commodities|Tags: , |Comments Off on UNG Active Long Trade Update