UNG / Nat Gas update

last post: https://bartscharts.com/2020/12/03/natural-gas-and-ung/

update: rolling into a BUY zone for both futures and UNG. IF the thesis that a BIG low is in place THEN we should find support and then continue upward.

take time to look at the long term Nat Gas Continuous Contract chart … you can see the “major” trend line which is acting like resistance .. a weekly open and close above that trendline could signal game on for the bulls.

if major support breaks then we could be looking at the 7 dollar level on UNG. needs to find support in the area shown …

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART