I had meant to include an update on natural gas in today’s Charts I’m Watching post. /NG (nat gas futures) has pulled back to the 2.388 support level which was highlighted on Friday (first chart below), thereby offering another objective long entry or add-on if it regains the 2.390 level soon with the appropriate stops in place below, depending on one’s average cost/entry prices.
-
- NG 60-min July 5th
-
- NG 60-min July 8th
Multiple charts in a gallery format, such as those above, may not appear on the subscriber email notifications but may be viewed on the site by clicking the title to the post. Click the first chart to expand, then click anywhere on the right of the chart to advance to the next expanded chart.
Likewise, a pop above Friday’s high of 19.06 will have clearly put the 18.50 resistance level in the rear-view mirror, paving the way for the next thrust up to the 22 level in UGAZ (3x long nat gas ETN).
UGAZ daily July 8th