Update on UNG long
Updating my previous long trade initiated when UNG broke through the 200 DSMA two weeks ago.
At the same time, the 200 DSMA turned upwards after having been in a downtrend for over two years.
Note also the huge increase in volume since the 200 DSMA was breached.
My current target is former tops formed in May/June 2024 in the 21.00 to 22.00 area. (I would close at least 50% of my current position and raise my stop in that case.)
At the same time, the 200 DSMA turned upwards after having been in a downtrend for over two years.
Note also the huge increase in volume since the 200 DSMA was breached.
My current target is former tops formed in May/June 2024 in the 21.00 to 22.00 area. (I would close at least 50% of my current position and raise my stop in that case.)
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