/NG (natural gas futures) has taken out the 1.853 resistance (B.O.D- benefit of the doubt) level following Friday’s breakout above the bullish falling wedge pattern, thereby triggering the next objective long entry/buy signal on natural gas. Previous & updated 60-minute charts below. (multiple/gallery charts will not appear on email notifications but may be viewed on the rsotc.com)
Likewise, UGAZ (3x bullish nat gas ETN) is trading above the 45.70 resistance level & 45.73 entry trigger in the pre-market session although entries & exits for official trades are always triggered in the regular trading session. While one might opt to take a starter or full position of UGAZ (or /NG or the mini-nat gas futures, /QG) here, UGAZ will only become an official Active Long Swing Trade if it trades at or above 45.73 in the regular session today or in the coming trading sessions. Previous & updated 60-minute charts below.