NIce am puts $$ :)

Thanks for the reply. I should have been more specific. On the daily charts UNG is in divergent low territory while /NG still needs to drop 13% to be in a lower low.

Depends on how one definted constructive as well as what time frame they are referring to. The 60m chart of /NG looks constructive but from a potential trend reversal/trade setup perspective, with a buy signal to come on a break above this 60m bullish falling wedge (i.e.- the downtrend line that I covered in the recent video highlighting it along with UNG).

There’s also a constructive chart on something that is clearly in an uptrend & with little to no evidence of a current or impending reversal. The 60m chart of /NG looks constructive to me in the sense of the former (setting up for a reversal) vs. the latter. Here it is…

Agreed Geo….Market’s not going down much until next year…mid term election year.

I know that natural gas is a widow maker and wild swings are common, but why doesn’t UNG correlate more with natural gas futures?

UNG’s chart was looking favorable so I took a position recently. On the drop today I took a look at /NG and the chart wasn’t nearly as constructive. Honestly, I wouldn’t have taken the trade had I reviewed the futures.

In the future, is it better to wait for both the futures and UNG charts to align before placing a trade?