13Feb2:17 pmEST
Well-Defined Friday Afternoon Trade Ideas
This afternoon I am looking to see if natural gas, on the UNG daily chart ETF first below, can break up and out of the 20-day moving average (orange line). As you can see, it has been "gnawing away" at it. Perhaps I may take another shot at UGAZ today or next week if it does break higher.
And crude may be setting up as a short again, off that 50-day moving average (dark blue line) on the USO ETF daily chart, second below. If we see some follow-through next week then DWTI is back on my radar to short (via a long DWTI).