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Trading Lessons

Eye on Crude Oil and Natural Gas

Commodities / Crude Oil Mar 29, 2012 - 01:20 AM GMT

By: Mike_Paulenoff

Commodities

Downward momentum may be becoming exhausted in natural gas and its related ETFS -- US Natural Gas Fund (UNG) and ProShares Ultra DJ UBS Natural Gas ETF (BOIL).

Meanwhile, oil prices and the US Oil Fund ETF (USO) have sold off hard but not enough to damage the overall bullish chart pattern.


See charts below . . .

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By Mike Paulenoff

Mike Paulenoff is author of MPTrader.com (www.mptrader.com), a real-time diary of his technical analysis and trading alerts on ETFs covering metals, energy, equity indices, currencies, Treasuries, and specific industries and international regions.

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