The next objective long entry (as per yesterday’s comments) was triggered on today’s breakout above the bullish falling wedge on /NG (natural gas futures) although I’ve added a new minor resistance level around 4.00 that need to be taken out to further increase the odds of my 4.27ish target being hit. Previous (yesterday’s) & updated 120-minute charts below.
NG 120m March 27th
NG 120m March 28th
For ETF/ETN traders, the next objective long entry on UNG (natural gas ETF) will come on a solid break above this downtrend line + 21.00 resistance, which is comparable to that 4.00ish resistance that /NG is also currently testing. 60-minute chart below.
UNG 60m March 28th
+2