Monday, October 05, 2009

UNG Tests Resistance Again!



The ETF for Natural Gas (UNG) is once again testing the $12 resistance level. I actually shorted this market last week with a protective stop above $12 which didn't get hit today but I chose to take the trade off anyway. This is the 3rd or 4th time UNG is back at the $12 level and I think it may go through this time.

1 comment:

Anonymous said...

But it left a sizable gap.

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