Randy, Thanks for the chart and your thoughtful input…. seem like NG managed to punch through and ended up right on top of the price channel at the close. it looks good. but… knowing how NG can be a wild ride … one minute it give hope and then snatch it away in an instant to inflict pain….. i’ll wait to hear from you before adding to my existing position that kept me awake some nights. Thanks again and have a great weekend .

Note that /NG is currently trading at the top of that ascending price channel that I’ve highlighted in recent videos. While it could punch up through the top to the channel & run towards that first target, the odds for another reaction here off the top of the channel are decent as well. As such, I’d like to see how nat gas & UGAZ trade after the open today before adding UGAZ as an Active Trade (still a Trade Setup for now).

Sure. Here’s my /NG 60-minute chart with some near-term targets. It’s the same 60m chart I’ve been highlighting in recent videos although I modified that larger downtrend line off the early Nov highs which now comes in that same first target zone that runs from above 2.263-2.280.
The odds for a reaction if/when those intersecting resistance levels are hit are decent, followed by another leg up to the 2.386ish resistance/target. If & when /NG starts to approach 2.386, I will assess the charts at the time to determine if additional upside is likely.