GASL Trendline Break – GASX 200 DMA – 022912

You can’t buy natural gas because it’s at 10 year lows.  It can always go lower.

The natural gas ETF GASL closed on major trendline support 2 days ago.  As soon as it broke below, it became time to go long the inverse natural gas ETF GASX.

GASX held it’s 20dma on the slight pullback.  Trading above it’s 20 and 50 dma’s made it bullish.  Caution should be taken here at the 200dma.