I had mentioned reversing my /NG (nat gas futures) short to a long after covering at the 2.295 price target yesterday, as a reversal off that level was likely.  /NG did reverse & bounce from there & is currently backtesting the uptrend line off the June 20th lows, which could come into play as resistance. As such, this is a prudent level in which to raise/tighten stops for those that also went long yesterday while planning to swing the next leg higher in /NG, /QG, UGAZ, or any of the other nat gas ETNs. Previous & updated charts below:

note: The DGAZ official short trade was closed out when the sole price target was hit yesterday & all subsequent posts, analysis & trade ideas on nat gas since then were passed along as unofficial trade ideas & remain so.