UGAZ, UNG

Natural gas is having a really nice rally and could finish this wave higher at around the upper trendline which stands at around $10.10. I like that the volume in this move higher has been higher than usual, which could mean that UNG could eventually rally as high as $15.70, which is the 200 sma on the weekly chart, sometime by mid-next year. I think UNG will rally into next week, consolidate through the holidays, and then continue its rally into next year. I plan to trade UGAZ to the upside, and may short UNG at around $10.10. Thank you SKT for asking me about UNG, your questions really helped! That is why I do this because I like connecting with other traders. You open my eyes to new vehicles. If anyone would like me to look at any other stock, please comment as I would be happy to look into it!

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