UNG - Natural Gas ETF - Potential Double Bottom Support Play
UNG (US Natural Gas ETF) has formed a double-bottom price pattern on the Daily chart.
The Price has found temporary support above $8.21.
Support Price Targets are: $8.21, $8.16, $7.72, $6.11.
Resistance Price Targets are: $8.99, $9.93, $10.97, $11.97.
UNG etf does not always correlate & follow technical analysis charts.
Be aware of global fundamental news changes regarding energy assets (government policies, corporate policies, supply & demand, etc).
The Price has found temporary support above $8.21.
Support Price Targets are: $8.21, $8.16, $7.72, $6.11.
Resistance Price Targets are: $8.99, $9.93, $10.97, $11.97.
UNG etf does not always correlate & follow technical analysis charts.
Be aware of global fundamental news changes regarding energy assets (government policies, corporate policies, supply & demand, etc).
Trade closed: target reached:
Profit Target reached on 03/06/2023. Trade Closed.
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All posts are not financial advice.