/NG (natural gas futures) has hit the final price target, providing an objective level to cover all shorts and/or reverse to a long position for a bounce trade as the potential divergences forming on the 60-minute charts indicate the odds for a tradeable bounce are decent. The previous 60-minute & daily charts followed by the updated charts below.

NG 60m June 16th

NG 60m June 16th

NG 60m June 21st

NG 60m June 21st

Ditto for the alterative trading proxies for this trade: UNG, KOLD, & /QG (book profits or at least lower stops if holding out for additional downside while active traders might reverse to a long position with a stop below the recent lows in an attempt to game a tradable bounce).

NQ 60m June 17th

NQ 60m June 17th

NG daily June 21st

NG daily June 21st