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Natural Gas Continues to Defy the Depressed Energy Sector
Natural Gas has followed the script off of Tuesday’s low at 3.541 to my optimal initial target of 3.95-4.00.
My sense is that it needs to take a breather here, which might compel me to exit my most recent United States Natural Gas (UNG) long position at 19.45.
That said, however, my medium-term work is in a very promising and powerful juxtaposition, which "warns" me to stay long for a run at 4.09-4.12 next.
I will opt to stay long for a run at 21.10/30 in UNG (last in UNG is 20.38/39).
