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	Comments on: /NG UNG T5 Price Target Zone Hit 9-24-24	</title>
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		By: rsotc		</title>
		<link>https://rightsideofthechart.com/ng-ung-t5-price-target-zone-hit-9-24-24/#comment-33732</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 24 Sep 2024 13:35:30 +0000</pubDate>
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					<description><![CDATA[/NG 120m chart of the new Nov contract for reference as the comparable (to UNG T5) 2.90 price target was just hit. While nat gas could certainly continue to power through these resistance levels, the odds for a &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.&#039;&gt;reaction&lt;/abbr&gt; before the next leg up are elevated at this time &amp; any pullbacks to the top of the recently broken out range (2.73ish) and/or the &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;An uptrend occurs when a security or index is making a series of higher highs &#038; higher lows.&#039;&gt;uptrend&lt;/abbr&gt; line would offer objective add-ons or re-entries.]]></description>
			<content:encoded><![CDATA[<p>/NG 120m chart of the new Nov contract for reference as the comparable (to UNG T5) 2.90 price target was just hit. While nat gas could certainly continue to power through these resistance levels, the odds for a <abbr class='c2c-text-hover' title='1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.'>reaction</abbr> before the next leg up are elevated at this time &#038; any pullbacks to the top of the recently broken out range (2.73ish) and/or the <abbr class='c2c-text-hover' title='An uptrend occurs when a security or index is making a series of higher highs &amp; higher lows.'>uptrend</abbr> line would offer objective add-ons or re-entries.</p>
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