The red lines show a steady downtrend and no signs of bottoming out. The pink lines show support levels but they are consistently breaking down to newer lows.
Why bet against the trend? There are tons of natural gas deposits being found every day and the real problem is where to store all of it? If it cant be stored, it must be sold, its a competition to liquidate inventories and the best way to compete is to lower prices. They will continue to fall in my opinion....
Why not invest in HND:TO? Double Bear Natural Gas from Horizon's Beta Pro. Look at this chart.
The HND:TO chart looks fantastic. What's not to love about this chart? It is in a steady uptrend and appears to have just broken out to even higher highs. Technically, this stock doesn't look to be done its uptrend quite yet.
Don't bet against the trend. The trend is your friend... ride the uptrend until we see significant signs of a turn around. Then move into HNU:TO and ride that one back up. You could easily see returns in the multiples on your investment.
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