UNG - selling off, which is nice.
Perhaps a divergent low will form as the MACD has not kept up
with price, however it just recently crossed down, so it has a LOT
of work to do
rikkwan - as I posted yeterday, I bought some yesterday , but
very small, I'm watching it, but not sure it's bottomed, it's still
in the downtrend channel on the 60 min chart and volume patterns on
the bounce have been light and stochastic is overbought
already.
Posted by billnew52 on 5th of Mar 2012 at 12:50 pm
GAZ approaching 10% gain for the day. I know this is
structured quite differently from UNG, but it is like they are
tracking an entirely different commodity. That being said,
any ideas how this would perform on a UNG oversold bounce, or is
there just no correlation between the two?
I'll be watching the coal stocks along with Natgas -- the bounce
in that sector will be substantial when Natgas bottoms. Maybe
solar too -- they have been crushed badly and will likely be due
for a bounce.
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UNG natural Gas
Posted by matt on 5th of Mar 2012 at 12:12 pm
UNG - selling off, which is nice. Perhaps a divergent low will form as the MACD has not kept up with price, however it just recently crossed down, so it has a LOT of work to do
perking up, UNG and BOIL
Posted by rikkwan on 9th of Mar 2012 at 03:07 pm
so Matt would you buy on an MACD cross on this chart
rikkwan - as I posted
Posted by matt on 9th of Mar 2012 at 03:22 pm
rikkwan - as I posted yeterday, I bought some yesterday , but very small, I'm watching it, but not sure it's bottomed, it's still in the downtrend channel on the 60 min chart and volume patterns on the bounce have been light and stochastic is overbought already.
GAZ
Posted by billnew52 on 5th of Mar 2012 at 12:50 pm
GAZ approaching 10% gain for the day. I know this is structured quite differently from UNG, but it is like they are tracking an entirely different commodity. That being said, any ideas how this would perform on a UNG oversold bounce, or is there just no correlation between the two?
I'll be watching the coal
Posted by kalinm on 5th of Mar 2012 at 12:14 pm
I'll be watching the coal stocks along with Natgas -- the bounce in that sector will be substantial when Natgas bottoms. Maybe solar too -- they have been crushed badly and will likely be due for a bounce.