I've been high-lighting UNG and natural gas in my commodity
newsletters, anyway nice bounce the last couple of days.
Notice how the MACD found support on the uptrend line of the
first chart which is what I was looking for.
Hi Matt. I can see UNG forming poss div but the one thing I am
not sure of is what has driven the price to fall so far? Is it
demand supply driven or is this one of those "decaying" etfs? ...or
is it pure technicals?
Nice bounce in UNG and natural gas
Posted by matt on 28th of Oct 2010 at 08:26 pm
I've been high-lighting UNG and natural gas in my commodity newsletters, anyway nice bounce the last couple of days. Notice how the MACD found support on the uptrend line of the first chart which is what I was looking for.
Hi Matt. I can see
Posted by vimal on 29th of Oct 2010 at 03:44 am
Hi Matt. I can see UNG forming poss div but the one thing I am not sure of is what has driven the price to fall so far? Is it demand supply driven or is this one of those "decaying" etfs? ...or is it pure technicals?
too much supply of underlying
Posted by jdaswani on 29th of Oct 2010 at 06:50 am
too much supply of underlying commodity...