Simple stock trading blog » Blog Archive » UNG – very bearish commodity chart

Simple stock trading blog

Using combination of technical analysis and global macro fundamental analysis to find best stock picks and ETF trading ideas for my own hedge fund

UNG – very bearish commodity chart

There is very strong divergence in price development between crude and other commodity- natural gas. Oil (but also several other commodities) is in bullish uptrend, natural gas price is in strong decline.

What is wrong ? Price of oil or price of natural gas ? Maybe we can see good tradable global macro theme developing righ in front of us.

This entry was posted on Sunday, August 23rd, 2009 at 8:34 pm and is filed under ETF analysis, ETF trade setup, Global macro, Stock market comment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “UNG – very bearish commodity chart”

self storage hyde Says:
November 25th, 2009 at 3:42 am
You have explained this well, Have you been working on this a long time?? Do you think you have described everything correctly though I have noticed some common mistakes but I get the point your making? I will link your blog to mine.

Leave a Reply