United States Natural Gas Fund LP (UNG): Chart Signal: Natural Gas $UNG Tops Out...

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United States Natural Gas Fund LP (UNG)

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Monday, 09/16/2019 12:51:20 PM

Monday, September 16, 2019 12:51:20 PM

Chart Signal: Natural Gas $UNG Tops Out

As oil spiked higher on the disruption of Saudi oil, natural gas also got a sympathy spike. The major difference, natural gas tagged the daily 200 moving average and is currently putting in a bearish topping tail. This signals a near-term pull back in natural gas. Swing traders should look for a decline of at least 10% in the coming week or two.

Gareth Soloway
InTheMoneyStocks

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