Nat Gas, the widow maker - is at the 100 month ma (green line), which was a resistance level during it's consolidation and should be a support here. How much of a bounce it can get is hard to say but my guess is at least to 6 dollars sometime this year. This is a monthly chart.
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potential bottoming here
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nat gas had a false breakdown friday and gap up today - bullish. Needs to get over 3.60 to continue the uptrend.
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no breakout on NAT GAS, needs to take out 3.60 still. At least we know what the traders are watching.
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UNG coming back down to test it's breakout. I still think it's a buy but will bail on the trade under 9.50
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NG bottom of channel. Under 2.95 and it will be more bearish, for me this is an objective buy area.
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buyers came in today at the dailly BB the weekly BB was in the same area. THis should be a bottom or close. Note the volume on the buy side.
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UNG has daily, weekly, and monthly BB support stacked together between 8-6.5 dollars
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Nat gas may be breaking out of this wedge. Worth a closer watch at this point.
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If they can keep it up, the next target would be about 3 dollars.
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UNG should get to at least 9.30, maybe 11 dollars if this is correct.