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DP Trading Room: Natural Gas (UNG) Bearish Again?

Carl and Erin return to the trading room showing you the charts you need to see to start your week!

Carl covered the market trends and condition to start the program. He also covers Bitcoin, Dollar, Gold, Silver, Gold Miners, Bonds, Yields and Crude Oil.

Carl also gave us a read on the Magnificent Seven in both the short and intermediate terms as he covered weekly charts today as well as daily charts.

Carl and Erin discuss the new bearish double top that is making itself known on Natural Gas (UNG).

Erin gives us a read on Sector Rotation noting today’s strong rally in Consumer Staples (XLP). She looked at Real Estate (XLRE) which could find favor in a lower interest rate environment and she looks at the tepid participation in the Technology (XLK) sector.

They finish the program with symbol requests where they review not only daily charts, but weekly charts too!

01:15 DecisionPoint Signal Tables

04:28 Market Overview

14:23 Magnificent Seven

21:53 Natural Gas (UNG)

25:30 Sector Rotation

42:13 Symbol Requests


Watch the latest episode of the DecisionPointTrading Room on DP’s YouTube channel here!


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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin


(c) Copyright 2024 DecisionPoint.com


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.


Helpful DecisionPoint Links:

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules


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