AMEX:UNG   UNITED STATES NATURAL GAS FUND
45 0 2
UNG             has reached Fibonacci support for a 3rd wave, although the degree is unclear given the start of this decline. Near-term bounce may reach the high 6s, or perhaps as high as 7.67/8.75. Either way, a corrective 3-wave bounce into resistance sets up another decline, likely below 5.00 or even 4.00.
Positive divergence on MACD still holds, and may continue to hold through waves iv and v.

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nick.holland78
UNG - 2hr
nick.holland78 PRO about UNG 1 9 months ago
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