Is UNG going to fly?

nirvanawang

It seems that since it's droping, UNG has build a pretty sound base here. Recently it break out of the base and attempted previous support region and pullled back.

I started to load one portion today and will slowly build it if it keep falling down. The plan is to stop out if pirce broke previous low and hopefully it will hit 10.75-11 area.I was thinking to play some options today. Any HTers' suggestion to what striking price and time frame I should buy?

Thank you

overdrunk

ung会不会慢慢归零？

nirvanawang

回复 2# overdrunk

Sorry, I don't know the fundamentals. Hope some HTers will answer your question.

WeedOnWall

问：UNG短期的走势如何？阻力位在哪里？
答：UNG昨天出现了多头吞噬形态，这是个短期的反弹走高的信号，短期阻力在7.89。

Xiris

Be careful. Natural gas supply is quite aplenty, which is bearish on gas price.

mayoutu

回复 1# nirvanawang

UNG每个月都有contango，长期持有得不偿失。你看看天然气价格和UNG的比较图就知道了。

我有个朋友持有了半年左右，亏掉30%+，那段时间天然气涨了30%+。

nirvanawang

回复 5# Xiris

That's true. But how inventory is related to UNG price. I remember last time the inventory is high but UNG still broke out. It may well depend on how the inventory number is interpreted. Just my 2c.

nirvanawang

回复 6# mayoutu

Thanks for the heads-up? from its description:

"
United States Natural Gas Fund

The United States Natural Gas Fund, LP ("UNG") is a new way for investors and hedgers to manage their exposure to energy.

The United States Natural Gas Fund LP (UNG) is an exchange traded security that is designed to track in percentage terms the movements of natural gas prices. UNG issues units that may be purchased and sold on the NYSE Arca."

It seems that UNG should be related to natural gas price. Is there other factors like price in for this discrepancy?

九天

我觉得有买UNG的闲钱，不如不止损买Natural Gas.

请指教。

ut1984

oneshot

I am bullish on UNG too. I won't be suprised if it consolidate 1 or 2 more days with light volume
I bought some AUG 6 calls friday, almost no time value, just like buying stock.

shoujie

UNG actually is very very very bullish ...

richer

Seasonal, Nature Gas is going up since Middle of July. No idea about UNG.

oneshot

I am bullish on UNG too. I won't be suprised if it consolidate 1 or 2 more days with light volume
I ...
oneshot 发表于 2010-7-17 22:13

Out even. wait and see.

nirvanawang

still holding 1/3 longs, will add more as long as previous low is not violeted

回复 14# oneshot

tree

no

oneshot

回复 15# nirvanawang

start flying le.