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Upd: Natural gas at the target of broken multiyear wedge
Natural Gas Futures
Upd: Natural gas at the target of broken multiyear wedge
By pantheo
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Sep 9, 2021
3
Sep 9, 2021
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 Patterns
Natural Gas
Trend Analysis
pantheo
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