Decision Time for UNG
I was looking at two time and price periods this month for a possible low in the United States Natural Gas Fund (UNG). The first window produced a buy trigger followed by a minor rally and then a failure. This next decision is coming up right now.
First, as far as price is concerned, I'm looking at a relatively wide support zone that comes in between $18.31 to $19.28, with the focus within that zone in the $18.31 to $18.91 area. The price cluster by itself is considered a trade setup. If we can test and hold above this zone, we want to drill down to a 30-minute chart and look for reversal indications that will tell us that it is worth placing a bet against this next key support zone....423 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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