Posted by curranjohn on 19th of May 2023 at 09:50 am
I have a UNG position from February I have been looking to add
to. Anyone looking to buy a pullback to the breakout point?
This thing is so damn hard to deal with. Just curious what
strategies folks have to add (with stops). Thanks.
natural gas is a 'bear' to trade as you've found out. That said
the positive now is the breakout from that basing pattern - the
last 4 months Nat Gas has been bottomed but going sideways - total
chop fest - so holding through that would have been frustrating.
But if this breakout of the base holds and it can build on this,
then times will a lot better for you.
the issue with the nat gas is the ETF's suck like UNG and BOIL.
cleaner to trade nat gas futures, but I highly doubt any of you do
that or would want to do that
you could look at some nat gas stocks, there might even be an
ETF for nat gas stocks, not sure
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I have a UNG position
UNG, BOIL
Posted by curranjohn on 19th of May 2023 at 09:50 am
I have a UNG position from February I have been looking to add to. Anyone looking to buy a pullback to the breakout point? This thing is so damn hard to deal with. Just curious what strategies folks have to add (with stops). Thanks.
natural gas is a 'bear'
Posted by matt on 19th of May 2023 at 09:56 am
natural gas is a 'bear' to trade as you've found out. That said the positive now is the breakout from that basing pattern - the last 4 months Nat Gas has been bottomed but going sideways - total chop fest - so holding through that would have been frustrating. But if this breakout of the base holds and it can build on this, then times will a lot better for you.
the issue with the nat gas is the ETF's suck like UNG and BOIL. cleaner to trade nat gas futures, but I highly doubt any of you do that or would want to do that
you could look at some nat gas stocks, there might even be an ETF for nat gas stocks, not sure