We going to continue to the price action between $1.862 and $1.957. Most importantly is its 50% level at $1.910. Trader reaction to this level will determine the direction of the March natural gas futures contract today.
A trade through $1.862 will signal a resumption of the downtrend. A move through $1.957 will change the minor trend to up and shift momentum to the upside.
If there is a breakout to the upside, $2.033 to $2.076 becomes the primary upside target.
i just need 2.15 and i will b out. this is so pan to hold UGAZ and seeing bleeding. worst animal on the planet these 3X. got trapped with technicals. But i agre with your analysis. Lets hope it works the way you mentioned