BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s): HNUZF

HNUs investment objective, is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times 200 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.

TSX:HNU - Post by User

BetaPro Natural Gas Leveraged Daily Bull ETF

Bullboard Posts

Post by ILIKETAon Jan 08, 2019 1:21pm

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Post# 29201236

Fundamental or Technical

To me, both fundamental changes (weather, inventory, etc) and technicals are equally important.
The fundamentals seem to have more weight when determining the daily direction of the move, but technicals seem to have more weight when determining how far the move goes intra day.
Just my opinion though.

Another opinion I have is, if NATGAS breaks $3.076 with some conviction it should move to $3.17 in the short term.
After $3.17 there will likel be resistance at $3.25 (50% Fib retrace from $3.59 to $2.90) and then $3.30 (61.8% Fib retrace).

There's quite a bit of near term support at $2.95, then $2.93, then $2.90.
The long term support that I think is very notable is the upward trendline of support from March 4th 2016 to July 19th 2018. It acted as support twice in September 2018 and it was support last week at $2.90.
Break this trendline and my guess is we will quickly see $2.77.