/NG (natural gas futures) swing trade has hit T1 on the 120m chart (additional targets were also posted on the 60m chart for more active traders) for a quick (<2-day and/or 1-hour) gain of 6%. While I still favor more upside & prefer to sit tight for now, one should consider booking partial or full profits and/or raising stops to protect gains or at least assure a breakeven on the trade, depending on your trading plan. Previous & updated 120-minute charts below.
NG 120m Aug 6th
NG 120m Aug 8th
NG 120m 2 Aug 8th
Likewise, UNG came close enough to T2 to consider a hit, especially with /NG hitting T1 on the 120-minute chart at the same time (it was & always is suggested to align UNG entries & exits with the charts of /NG). Previous (Tuesday) & updated 60-minute charts below.
UNG 60m Aug 6th
UNG 60m Aug 8th