SPDR S&P 500 (SPY)

[learningboutinv]

I've been eyeing $NATGAS for a possible entry for the past few days. Daily shows a bullish reversal with the bullish falling wedge, and a positive MACD cross. UNG is the $NATGAS long ETF and the $33.60-$36.70 range on the weekly is showing good support and a possible area to accumulate with a stop right below $33. Watch a break of that steep downtrend line on the weekly and also look at the weekly full stoch at 2.01 (I believe it only goes to 0), and the Williams%R at -99.26 which I believe the lowest value is at -100. (UNG is -100 on the Williams%R on the daily.) It doesn't mean that $NATGAS can't go further down but, I think it's due for a bounce soon.