NG (Natural Gas - NG, Nymex) - UNG (United States Natural Gas)
Although NG closed today @ 3.124 I am still very comfortable with the two entry price targets I have contemplated long time ago ($ 3.30 and $ 3.20) and am still very okisho.
However as I said earlier in this blog, it is not farfetched to see a new bottom at $ 2.82 - 2.85 before bouncing back to $ 4.55 - 4.80 by December 2009. If it does, then we will double our positions.
UNG @ $ 12.01 (Wed, Aug 19th closing price) - 52 weeklow $ 11.91 July 13th 09
For two days now its been in the range of 12.20/12.00. Many expect it to break its 52 weeklow of 11.91. If it does then we will wait till it hit our first target price of 11.22 (everyone on his own, and everyone chooses his convenient entry point). Have fun.
Ciao e sogni d'oro.
PS.: Again, please don't listen to the above nonsense.
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