It’s been a while since I blogged about Natural Gas. And, what a ride it has been …because those of you who have been following me for a while, know that I got into UNG around 9 bucks almost two years ago and -GUESS WHAT – I’m still holding it! Yes, probably the dumbest thing I ever done because I was up a NICE 5 figures and counted and watched precipitously as it just took it all back.
Because when I bought the darn thing I “felt” or “knew” that this was going to be a MAJOR low in Natural Gas and I wanted to put REAL money at risk and basically ride a multi-year wave like I do surfing.
The thrill of the great waves – this run had it!
The beat down inside w/ the ice water fist to the face – yup!
No waves at all – sure.
So, guess what, I’m riding the waves of UNG for years …
In the next post on Natural Gas I’ll go into the count and the PATTERN that was present and all that. But, for now, just check this one out. I JUST saw this last night. No kidding, going to enjoy a little sun this AM before another deluge in San Diego and GET THIS – just an hour away from me (Julian) they are forecasting 10″ of SNOW. Going to be a wild weekend … a perfect time to do some charting and, ugh, taxes.
THE POWER OF THE MEASURED MOVE … not only is this MEASURED MOVE equal in PRICE it is EXACTLY EQUAL IN TIME.
Get LONG and look to leverage/ architect a position to expire in 2027 w/ a price target of 15-16 or…not.
I know this analysis might throw some of you … but, I truly LIVE by the Measured move and the potential here is somewhat analogous to this:
3 thoughts on “Natural Gas – February 24, 2023”
Was on the fence until today. Just got long. Thanks Bart!