After the typical reaction/pullback off the T1 (first price target & resistance level), UNG (natural gas ETN) continues to offer objective long entries or add-ons here around long-term support with large positive divergences still intact. 60-minute chart below.
UNG 60m April 18th
Likewise, /NG (natural gas futures or /QG, the MINY futures) still offers objective long entries or add-ons here around long-term support with large divergences building although we’ll be rolling to the June contract soon. 60-minute chart of the May contract below.
NG May contract 60m April 18th
I’ve also included a 120-minute chart of the June contract, which /NG will be rolling to soon, below with potential price targets & an additional objective long entry to come on a breakout above this downtrend line.
NG 120m June contract April 18th