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Re: Natgas breaking out - GAS today as well *PIC*
In Response To: Natgas breaking out? UNG *PIC* ()

This etf is breaking out today on the TSX, gapping above the 100dma and Friday's close, while also simultaneously moving above the 3 month trading range upper resistance line in the $2.85-2.88 area. That's also a clean break of the 7 month downtrendline ($4.21-2.88) that price settled up against on Friday.

Canadian markets were closed yesterday during NG's big rise, which explains the size of today's gap. This non-leveraged etf is a decent vehicle for playing NG north of the border. If one wants leverage, long-term, close-to-the money call options can still be had for cheap.

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Re: Natgas breaking out - GAS today as well *PIC*