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Over the past four days, we have been tracking the ProShares UltraShort Oil and Gas ETF (DUG) for a possible long entry on pullback into the 20-day and 200-day moving averages. Yesterday, DUG formed the reversal candle we were looking for, as a possible pivot for a buy entry. As a result, we are placing DUG on the watchlist. Trade details are available to our subscribers in the watchlist segment of the newsletter.

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