UGAZ looks to be breaking out this morning. It looks like a BULL SHARK pattern just completed. You can now expect a 50% Fibo retrace higher to about $38.68. BOIL is another way to play it. I'm not taking this trade, but it should work out.
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Nat Gas (UGAZ) Moving off the bottom now. I can see a nice AB=CD pattern forming with an upside target around 34.50. Nice volume coming in as well. Moving from oversold.