The initial target zone on /NG (natural gas futures) that was posted in the comments section below Friday’s UGAZ Trade Setup & Entry post has been hit in the overnight & early morning trading session with the typical reaction/pullback in nat gas so far. Ideally the 2.81 minor support level will contain this pullback followed by another thrust up to the 2.928 area. Friday’s & today’s 5-minute charts of /NG below:

As of 8:40am ET, UGAZ is indicated to gap higher to about the 63.30 level after trading as high as 65.81 in the pre-market session so far today. The sole price target for the UGAZ trade remains 67.05 with a suggested stop below 58.20.