TradingView
jamison.gaddy
Apr 20, 2016 1:23 AM

UNG 

United States Natural Gas Fund LPArca

Description

Natty's bullish close above resistance offers traders well defined risk. It looks like a reasonable 1:10 risk/reward entry here with a lower volume area. The ceiling with the "value area" appears to leave plenty of room to allow prices to continue into resistance. Volume looks good; however, cumulative buying looks weak. If it remains so prices will likely retreat. Trade with a plan and take profits into resistance. Never like holding the "widow maker" long.

Good luck!
More