Posted On: 07/12/2014 8:48:07 PM
Post# of 777
DGAZ Chart: Shorting Natural Gas has been a major money maker.......yeah, everyone thought the turmoil in the Middle E. & Ukraine would drive prices higher.......wrong!.........the oil boys just increased production............to record levels........this offset the turmoil.......Bears win........
looking at this chart I'd say be cautious shorting Nat. gas next week.........DGAZ had a big gap higher last week & is on a four week run.......also, as this chart shows 4 is major resistance........my guess is 4 gets tested and DGAZ pulls back.......we'll see.......if DGAZ closes above 4 next week it would be very bullish for the Nat Gas bears..........
DGAZ is a 3x inverse ETF..........you can short Natural gas by going long DGAZ.................$$$
http://stockcharts.com/h-sc/ui?s=DGAZ&p=W...7873089737
looking at this chart I'd say be cautious shorting Nat. gas next week.........DGAZ had a big gap higher last week & is on a four week run.......also, as this chart shows 4 is major resistance........my guess is 4 gets tested and DGAZ pulls back.......we'll see.......if DGAZ closes above 4 next week it would be very bullish for the Nat Gas bears..........
DGAZ is a 3x inverse ETF..........you can short Natural gas by going long DGAZ.................$$$
http://stockcharts.com/h-sc/ui?s=DGAZ&p=W...7873089737
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