Following yesterday’s objective long exits and/or short entries at resistance, /NG (natural gas futures) and UNG (nat gas ETN) have now triggered the next objective short entry or add-on on the breaks below their respective 60-minute uptrend lines. Depending on one’s average entry price on a short position, consider stops anywhere from average entry price (breakeven) to just above yesterday’s highs. Previous (yesterday’s) & updated 60-minute & daily charts below.
NG 60m Feb 27th
NG 60m Feb 28th
UNG daily Feb 27th
UNG 60m Feb 28th