Both /NG (natural gas futures) and UGAZ (3x bullish nat. gas ETN) appear to be setting up in bullish falling wedge patterns with a buy signal/objective entry to come on a break above the pattern, whether or not they make another thrust down within the wedge first. Unofficial trade ideas for now although I have provided (unadjusted) price targets on the 60-minute charts below for those interested.
/NG & UGAZ Bullish Falling Wedge Pattern
Share this! (member restricted content requires registration)
5 Comments