The Monthly (continuous contract) Natural Gas pattern has failed.
CTRL-ALT – DEL
UNG: expect support in/around 10-12, wait for a WEEKLY/MONTHLY signal reversal and BUY.
Take note of the RSI – haven’t pulled this rabbit out of the hat in a long time but – someone take a look and check on me – but the RSI LOWS ARE HIGHER while the UNG LOWS ARE LOWER.
CMT II (I think) – this is an RSI reversal. It refers to a situation where the RSI indicator moves in a direction opposite to the price, suggesting a potential change in the price trend.
At this point, that’s our only hope … first time I have EVER seen this in my charting history …
Put on your tinfoil hats …
