UNG (nat gas ETN) rallied 31% the last time it was highlighted as a long trade idea here at trendline support a couple of weeks ago & once again offers an objective long entry here at trendline support with a stop somewhat below. Daily chart:
UNG daily Dec 20th
/NG (nat gas futrues) is in free-fall without any buy signals so I’m not as hot on this entry as I was on the previous (Dec 6th) trade although it has potential divergences & is testing the previous lows on this 120m chart for those wanting to take a pot-shot long entry with stops somewhat below.
NG 120m Dec 20th