Showing posts with label UNG. Show all posts
Showing posts with label UNG. Show all posts

Thursday, July 24, 2008

XTO oversold play

Sitting at some support, possibility for a huge bounce of 4-6 points. Keep an eye on UNG since XTO is mostly a natural gas play. I wouldn't be surprised if it peaks below 48 again before taking off, just make sure your stops are tight and you jump in with the momentum.