Monday, November 9, 2009

US Natural Gas Fund (UNG) - Still not a buy

Over a month ago when I first started this blog, I pointed out that UNG registered a sell signal way back in the 30's in July '08, and since then, it has remained in a downtrend.  Even to this day, this fund is still in a downtrend.  This is a perfect display of why the 20/50 EMA crossover is so pivotal in determining the trend.  UNG broke the 50 EMA a few times over the last month, but it was never able to initiate the 20/50 crossover. 


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