The money print press a.k.a. as natural gas, /NG, UNG, etc.. has hit my final short reversal price target* for a 26% profit on top of the 200%+ gain milking every cent of the move off the 2024 lows up to my long-standing final price target of 4.90 on March 9th. Now reversing back to starter long position here at that target (intersecting price & uptrend line support with positive divergence to boot) with the next buy signal/add-on to come on a break above this bullish falling wedge pattern. My sole price target at this time is just below the 4.27ish resistance with a stop just below the 3.50 level. Previous (April 25th) 60-minute chart (April contract) and updated 120-minute chart below.
NG 60m March 9th
NG 120m March 27th
*the final price target posted on March 9th when my final long-term target of 4.90 was hit was 3.748 on the April contract which is the comparable price support of 3.786 on the now current May contract, as the price levels at various reaction points change as nat gas futures roll to the next month’s contract.