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Natural Gas ETF (UNG) fell 30% from it April highs to its early August lows, as it hit the bottom of of the falling channel above. Now UNG is breaking above resistance of the falling channel above.
Since August the 7th, the inset chart reflect UNG has gained 9% more than SPY.
Why is Natural Gas doing well and could their be more to come?
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The above chart was sent to Premium & Sector/Commodity Sentiment Extreme members on almost a month ago.
The chart was sent at the lows in Natural Gas, reflecting it was on support with only 22% bulls and could be forming a very large bullish inverse head & shoulders pattern.
If you could benefit from Energy/Natural Gas or Commodity research like this (at extremes), I would be honored to have you as a member.
You can receive info like this for as little as $29 per month (sign up here) or you can take advantage of our “Triple Play Discount” program which passes along 50% discounts on multiple research report purchases.
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