United Natural Gas

Well.... i know my website should be posting singapore related stocks , but just want to share one of the commodity[natural gas] related funds that i am invested on. All time high was around $63 and now its at $8.19 at time of my post.

I decide to take a very small position[220 shares] for a long term investment with a 1 - 2 year time line at $7.32 per shares 2 month ago.
Why ??
I personally feel that the price difference between oil and gas is too much of a difference.One of the reason of the price being pushed southward is the increase of supply due to technology improvement and the demand of it is decreasing . However , i got a thinking which is that since oil is so expensive , natural gas can serve as an alternative source of energy , which is so much cheaper than oil !!!! One of the sign is that Exxon purchase of US natural gas producer XTO Energy.
This is the so called fundmentally thinking of mine to make the purchase.

Technically wise , let us take a look at the following chart :


See the triple bottom and it broke the $7.76 resistance on the 3rd tried  and the downtrend line, with big volume.MACD also form golden cross.Short term wise , it seems to be good too.
For me , small position , no point buy sell buy sell let broker earn transcation $$$.
Dow now drop 2.18%, but UNG up 2.38%....