UGAZ has quickly retraced 50% of its upward move from Feb but DGAZ has not bounced proportionally. How come? Why the asymmetry?
Sorry don't follow, but I do follow UNG to see how it compares to NG E&P companies themselves. In recent days the companies are outperforming UNG.
Still looking for NG to fall back to the $3.75-$3.80 area (over the coming weeks), which would be a 50% retracement of the move from $3.13 to $4.44
UGAZ went from $17 to 40 to 28, retracing 50% of up leg . DGAZ went 23 to 8.50 to 11, retracing less than 20% of its move. Why not symmetrical? (Always possible that I need remedial math...)