Natural Gas Stocks Pop in Down Market

Some natural gas stocks did well in today’s terrible tape.  Two that we are watching and are long are Ultra Petroleum (UPL) and Southwestern Energy (SWN).  Both have been consolidating and have recently cleared their 50-day moving averages. Southwestern pierced 5-month resistance today.   The Japanese nuclear disaster has generated market talk of “paradigm shift” in global energy policy, which should benefit natural gas.

(click here if charts are not observable)

This entry was posted in Charts, Commodities, Crude Oil, Equities and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s