A Significant Trend Break in UNG?

If I am going to be true to my technical work, then a close beneath the major support line, now at 3.63, is grounds for exiting long positions.

If United States Natural Gas (UNG) reverses back above 3.63 tomorrow, then I will reenter.

For now, though, it is giving me reason to bail-- possibly ahead of downside continuation into the 3.40-3.30 next target support zone.

  Matched “”
x
Try Us Free For 14 Days!
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!