United States Natural Gas Stock Looks Good For Swing Long Trade
The United States Natural Gas stock UNG looks like a compelling swing long trade and so I took a long position this morning in my personal trading account. I know the fundamentals of the natural gas market and oversupply don’t look good but that’s why this is a short term swing trade IMO.
United States Natural Gas Stock
While there are no Pocket Pivot signals, Effective Volume shows that large players have been accumulating and we really don’t see large player volume dropping that much. The Twiggs Money Flow shows a slight positive divergence and appears to be rounding up but it is still in negative territory.
Price movement has been a little bit too volatile to find a really good entry and exit point so more conservative traders may want to wait for a candle over candle reversal and consolidation pattern before taking a long entry.