Another Look at Natural Gas

Natural gas has jumped gap 1 on a sign of strength and tested gap 2 on a surge of volume. This confirmed the cup (and handle) formation and implies that gap 2 will be retested. A light volume sell-off will likely setup the next assault. If trend energy continues to rise, gap 3 should be challenged over the summer.

Natural Gas ETF (UNG):


Source: A contrarian makes another call – this time, natural gas