United States Natural Gas Fund LP (UNG)

[pennystocks07]

If we fall through the 5.78 50 day MA level next support isn't until 5.50s or .30s. If we loose that support who knows how far it will fall...Might get a new 52 week low then.

I think we will find the bottom in mid 2011 around $4-$4.50, maybe even $3.50. Just way too much supply right now, when supply goes down some in 2011 and they start distributing, we'll start moving up again. I also think when it does finally reverse it will go quickly like in past runs. JMO, GLTA...

I think an $8 or $10 call option in 2011 is a safe bet. Every three years it seems to break $10, last in 2008.