by Ivaylo Ivanov, Ivanhoff Capital
Natural gas futures are breaking out from a multi-week consolidation. There’s no technical resistance until $3.50. If you use a stop of 2.80, this gives you a more than 2:1 reward to risk ratio.
You can play it via futures, ETFs like UGAZ or UNG, or individual stocks like SWN.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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