Upd: Natural gas at the target of broken multiyear wedge
If break to the upside from here, our power bills will go up vertical. $UNG
Commercials may still squeeze the funds, although they sold some 20K contracts since August.
September and October are the most powerful seasonal months.
Descending triangle Price Objective is roughly at 7.5 area
Don't short it because is overextended without a confirmed PA reversal signal.
Commercials may still squeeze the funds, although they sold some 20K contracts since August.
September and October are the most powerful seasonal months.
Descending triangle Price Objective is roughly at 7.5 area
Don't short it because is overextended without a confirmed PA reversal signal.
