The /NG (natural gas futures) long price target has just been hit* for another quick 10% profit. Consider booking profits and/or reversing to short if attempting to game a pullback. Previous & updated 120-minute charts below.
Likewise, the UNG (natural gas ETF) has also just hit the bottom of its comparable bounce target zone in the pre-market session (white candles). Consider booking profits and/or reversing short, if attempting to game a pullback off the target zone (with stops somewhat above it). Previous & updated 60-minute charts below.
*as always, best to set sell limit orders on longs slightly below the actual resistance level you are targeting to avoid missing a fill before the reversal.




