NG
The chart on UGAZ is at a great place for a bounce. I was looking at two patterns that had potential targets both around 6.25 for UGAZ. Those targets obviously got hit today. Now it's time to watch for some type of bounce IMHO.
The weekly DGAZ is coming into a strong resistance area as well.
41.00 to 44.00 looks like a possibility on the daily chart.
5 minute chart. I find that closer to the bottom of a move the targets don't always get hit, but it doesn't hurt to see what the possibilities are, especially since it does look like DGAZ looks like it may go up a little more and squeeze the snot out of everyone!!!LOL
NG looks like 2.60 is a target.
The chart on UGAZ is at a great place for a bounce. I was looking at two patterns that had potential targets both around 6.25 for UGAZ. Those targets obviously got hit today. Now it's time to watch for some type of bounce IMHO.
The weekly DGAZ is coming into a strong resistance area as well.
41.00 to 44.00 looks like a possibility on the daily chart.
5 minute chart. I find that closer to the bottom of a move the targets don't always get hit, but it doesn't hurt to see what the possibilities are, especially since it does look like DGAZ looks like it may go up a little more and squeeze the snot out of everyone!!!LOL
NG looks like 2.60 is a target.
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