/NG (natural gas futures) offers an objective long entry, add-on, or re-entry (for those that booked profits when the downtrend line was hit) here on this pullback to the 1.750 support level (now using the April contract, previous chart was March). Previous (march contracts) & updated (April) 60-minute charts below.
NG 60m Feb 16th
NG-60m-Feb-21st
NG 60m Feb 22nd
Likewise, UNG (natural gas ETN) offers an objective long entry, add-on, or re-entry on this pullback to the 15.72 support level/1st price target. Previous & updated 60-minute charts below. Suggested stops on both commensurate with one’s entry price(s) and preferred price target(s) using a 3:1 R/R.
UNG-60m-Feb-16th
UNG 60m Feb 22nd