Natural Gas is breaking out of a 4-month consolidation!
Photo: 660-news.com
The breakout is really important for traders. However, Natural Gas (UNG) swings wildly. I would recommend looking into the exploration and production stocks with high SCTR's to find names that are moving up with Natural Gas. Follow this link to E&P companies with high SCTR's.
Good trading,
Greg Schnell, CMT, MFTA.
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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