Thursday, March 10, 2016

Elliott Wave Stock Trading - UNG on Watchlist

The US natural gas ETF (UNG), could be a large 4th wave which I count as a bullish C wave in a correction. Also note the large amount of volume entering this market the couple months as it appears to be trying to form a bottom.  I project that price will get to $7.15-$7.30 if price moves to confirm my proprietary indicators' bullish signal. A decent close higher tomorrow should trigger the signal and I will attempt to get long a call spread of values are desirable.

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