/NG natural gas futures gapped above the 60-minute triangle pattern + the 2.50ish resistance level highlighted in Friday’s video, opening the door for the next leg higher.

NG 60m Oct 28th

NG 60m Oct 28th


Likewise, UGAZ (3x long natural gas ETN) has once again hit the 14.65 target (2nd chart below) although as we already had the expected reaction on the 1st tag of that level back on Oct 16th (first chart below), I favor more upside to the next target of 15.63.