Buys UNG 7.60. Better late than never.
UNG bottomed last week at 6.91. I had been watching it but picked the wrong time to not check it.
UNG is a long ETF for natural gas. Natgas is setting multi-year lows and could continue lower.
The oil industry is shutting in wells and not drilling new ones so we should be near the bottom within the next few months.
This is a opening position on a multi-year trade.
P.S. Don’t forget to buy low and sell high. If your buying high and expect to sell to a greater fool try to remember your the new guy, no matter how long you’ve been trading.