Submitted by billjones on Sat, 02/27/2010 - 09:56

Here I included one of our valuable member who applies our charts in his technical analysis.

 

 

UNG Technical Analysis Feb 2010

Agree, UNG looks like a low

Submitted by Nameless Hero on Sat, 02/27/2010 - 10:06.

Agree, UNG looks like a low risk setup here from looking at the daily trend chart.  Fundamentally, I sill bullish on commodities because of USD is used as a proxy for asset switching.  Recently gold and USD breaks out the correlation rule formed for a long time and I think it is a significant signal to show how strong gold is.

UNG Trend

Submitted by Billntx on Thu, 03/04/2010 - 08:00.

UNG has been in a weekly downward trend since June 2008. Shouldn't we wait until the trend reverses?

Yes we should, but it is

Submitted by Nameless Hero on Thu, 03/04/2010 - 08:44.

Yes we should, but it is always good to know ahead of buying opportunities.