Short
$UGAZ: Natural Gas NG needs to break through $1.8 to go higher
Natural Gas NG has moved higher in Tuesday trading session. Short-term resistance is seen at $1.8, support at $1.76.
UGAZ trading between $15.70 and $17.70, with $16.65 being important level to stay above.
NG needs to break through $1.8 to challenge its next resistance level at $2.0. With fundamentals turning bullish, it is a possible target.
$UGAZ: next upside targets remain $20 and $23 levels, even if a pull back.
Technicals: currently overbought on 30 min, 1 Hr time frames. 4 Hr chart is also near recent resistance levels, but may consolidate there in the near-term.
UGAZ trading between $15.70 and $17.70, with $16.65 being important level to stay above.
NG needs to break through $1.8 to challenge its next resistance level at $2.0. With fundamentals turning bullish, it is a possible target.
$UGAZ: next upside targets remain $20 and $23 levels, even if a pull back.
Technicals: currently overbought on 30 min, 1 Hr time frames. 4 Hr chart is also near recent resistance levels, but may consolidate there in the near-term.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.