This post was just published on ZYX Buy Change Alert.
Natural gas prices are mainly affected by the following factors.
- Oil prices
- Coal prices
Weather has become colder and that is positive for natural gas. However, the remaining factors are still negative.
DGAZ is a triple leveraged inverse ETF that goes up when natural gas goes down. This is a very high risk high reward trade suitable only for super aggressive investors.
What To Do Now?
Those in DGAZ may continue to hold and may even consider adding lightly on any dip below $11.00.
Those not in the trade may consider scaling in below $12.15; but preferably below $11.37.
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