AMEX:UNG   UNITED STATES NATURAL GAS FUND LP
24 1 1
UNG             has broken out over the 6.65 signal level. I'm out of shorts. Will watch for higher confidence entry on a new position. The prior bullish alternative path may be playing out, although the pattern is not yet mature enough to trade with high probability imo             . Should price reach the 6.95 region (as indicated in wave i), then a long entry from this price region on a retrace could be traded long with stops in the 6.49/.29 range.

Related Ideas

I should note the positive divergence in MACD as well as signs in Stoch RSI of a 3rd wave to pink 1. Another possibility, not annotated on the chart, would be the beginning of an Ending Diagonal to new lows. IF this rally fizzles below 6.87 without forming a 5-wave rally, THEN an alternate bearish green wave ii could be considered.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out