Friday, July 24, 2015

Natural Gas Short

It looks like natural gas is the only major commodity not breaking down. I compared natural gas to oil over the past year and they are correlated. It isn't a perfect correlation but when oil began tanking in the past nat gas followed. I remember last time there was just a lag but they will track each other in these crashes. I have an order in to buy the 3 X inverse ETF DGAZ this morning as pre-market is indicating UNG down again about 1%. After such a big candle that we had yesterday in UNG more weakness is imminent. Dive gas dive!

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