$UNG - RC -
Added 2023-10-09 11:43:49 +0000 UTCUnited States Natural Gas fund is likely going to be affected by what is happening in the middle east too and we can see that it is up nearly 2.5% in the PM now.
This is a critical position too as the share price was already moving very fast in October and went almost parabolic on the 1hr chart on Friday (prior to the conflict happening) which is always a strange sign to see.
The PM price is just at the 200 Day MA now, so a break above this level and the blue line at $8.14 and this is into the Bull Case and the First and Second Target levels are as shown.
Comments
They say, the longer the base, the higher in space. Seasonality favors it. Thank you!
Daniel SI
2023-10-09 11:45:28 +0000 UTC
