Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Recovery Rally in Natural Gas


Wednesday December 5th, 2007
Recovery Rally in Natural Gas
by Mike Paulenoff www.MPTrader.com
Recovery Rally in Natural Gas
By Mike Paulenoff, www.MPTrader.com

My near-term technical work in the US Natural Gas ETF (AMEX: UNG) argues strongly that Monday's low at 34.68 followed by Tuesday's successful retest --followed by today's strength -- are indicative of a meaningful upturn for at least a recovery rally into the 38.00-38.40 zone. Only a hurdle of 39.00/20 will argue that a very significant low has been established in the UNG.

Take Advantage Of Our Free
7-Day Trial, $7/Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!