After two reactions off the recent T2/final target level, UNG (US Natural Gas Fund ETF) has taken that resistance level out. Should this breakout stick, UNG is likely headed towards the 7.18 level & quite likely beyond. I’m still considering adding back UNG as another official Long Swing Trade trade idea as well as a Long-term Trade idea, as the longer-term charts remain constructive. However, I’d like to study the charts a bit more before making that decision & just wanted to highlight this breakout for those who are currently trading or following UNG or any other natural gas proxy.
UNG 60-minute April 4th