UNG (natural gas ETN) has hit the next price target/14.40ish resistance with potential (unconfirmed) divergences: Bullish if it can solidly punch thru & take out the divergences. If not, pullbacks to any of the nearby supports still offer objective entries, add-ons, or re-entries for those booking profits here. Previous (Nov 11th) & updated 60-minute charts below.
UNG 60m Nov 11th
UNG 60m Nov 20th
Likewise, /NG (natural gas futures) has also hit the next price target hit with a reaction likely before the next leg up. However, keep in mind that the longer-term charts remain constructive & as such, longer-term swing & trend traders targeting the higher price targets might opt to raise stops to protect profits & letting the position ride for now, despite elevated odds of a reaction at this time. Previous (Nov 11th) & updated 60-minute charts below.
NG 60m Nov 11th
NG 60m Nov 20th