Price of natural gas has been going down since mid-2008 (see weekly chart above). But this downtrend might soon be ending.
In the daily chart below, you will notice the bullish divergence between the price and the MACD lines. I would go long if the price breaks out above 4.500 and go short if price goes below 3.500.
One way to invest in gas is through the ETF United States Gas Fund (ticker UNG), listed on the New York Stock Exchange.
You will notice how the volume of transactions in UNG has been drastically increasing since early May, which denotes an increasing interest from investors in this commodity.If UNG goes above 17.0, I will buy.
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