Monday, January 09, 2017 2:06:28 PM
As everyone should know, all triple and double ETF's always head to zero quickly. They are only short term trades. For natural gas, I analyzed the United States Natural Gas Fund, LP (NYSEARCA:UNG). It is trading at $7.80 but does not have major support until it gets into the $7.00 to $7.15 range. Once the UNG gets to this range I will be a buyer of the UGAZ, expecting a sharp bounce and able to multiple my gains 3X. This will be a quick bounce and not something you want to marry for months.
Chart: http://www.inthemoneystocks.com/images/bryan/UNG%201.09.2017.png
Gareth Soloway
InTheMoneyStocks
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