InvestorsHub Logo
Followers 691
Posts 146971
Boards Moderated 34
Alias Born 03/10/2004

Re: DiscoverGold post# 1881

Tuesday, 03/29/2016 10:07:03 AM

Tuesday, March 29, 2016 10:07:03 AM

Post# of 1958
Natural Gas and UNG are poised for Another Recovery Upleg
By MPTrader

* March 28, 2016

The United States Natural Gas Fund, LP (UNG) has the right look and set-up for the initiation of a new upleg off of its March 4 low at 5.72.

The first upleg ended at the March 17 high of 6.88.

Current strength should challenge and hurdle the Jan-Mar resistance line, now at 6.60, which should trigger upside acceleration towards my next optimal target zone of 7.20-7.50.

Only a decline that breaks 6.24 will weaken the developing set-up.



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

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.