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.
Chart PatternsNatural GasTrend Analysis

Related publications

Disclaimer