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Friday, January 29, 2016 4:05:21 PM
Natural Gas is Starting to Lift Now
By MPTrader
* January 29, 2016
Although the spotlight in the energy complex is on Oil, rather than Natural Gas, the latter is starting to lift a bit towards a confrontation with very important resistance located between 2.44 and 2.62, which must be hurdled for Natural Gas to establish a significant multi-month bottom.
As long as the Jan 19 pullback low at 2.04 remains intact (7.63 UNG), I want to remain long United States Natural Gas (UNG).
https://www.mptrader.com/middayminute/
• George.
Click on "In reply to", for Authors past commentaries.
By MPTrader
* January 29, 2016
Although the spotlight in the energy complex is on Oil, rather than Natural Gas, the latter is starting to lift a bit towards a confrontation with very important resistance located between 2.44 and 2.62, which must be hurdled for Natural Gas to establish a significant multi-month bottom.
As long as the Jan 19 pullback low at 2.04 remains intact (7.63 UNG), I want to remain long United States Natural Gas (UNG).
https://www.mptrader.com/middayminute/
• George.
Click on "In reply to", for Authors past commentaries.
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• gtsourdinis
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