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hawkowl
Apr 26, 2022 5:23 PM

Uptrend about to resume Long

United States Natural Gas Fund LPArca

Description

Minor pullback, flag consolidation and breakout to the upside. May back test the top of the flag.

In terms of macro events, we have the blizzard in N. Dakota/Montana shutting down the oil/gas fields. Still much colder than normal nation wide and Russia starting to cut off gas supplies to Europe as Poland got smacked today. More to follow?
Comments
hawkowl
Nice. Following the green dotted arrow as planned. Now, looking for MAYBE a quick dip down to $26 on Wednesday, May 4 or Thursday May 5, then an explosive move upward to a price target of 39.80 which is the next resistance level from Nov 2018, Dec 2016 and Oct 2016. We will re evaluate when the price gets to that level.
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