/NG or UNG offers an objective add-on to an existing position or new long entry here around the key 2.14ish support as the large positive divergences continue to build. Price targets have been revised slightly. Excellent R/R for a new long or add-on here with stops somewhat (relative to one’s preferred or minimum price target) below the recent lows. Taking /NG to an over-weighted position at this time although a nat gas trade position size should always be beta-adjusted down (i.e.- smaller than a position on /ES or SPY) due to the extreme volatility & above-average gain/loss potential.
NG 60m July 16th
UNG 60m July 16th