Trade NG With Bullish Formation

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I’ve found an important formation in natural gas (NYSE:UGAZ), which is about to complete in the daily chart of natural gas. I would call it Cup with Handle. Secondly, a sudden spurt in trading volumes with formation of green candle in a daily chart is evident enough for completion of this bullish formation till January 28th, 2019. I find any dip below the current levels will provide good chance from the level of $37 to go long with immediate target of $105 till mid-February 2019. I find that growing volatility in Natural Gas futures price during this period may provide a good opportunity to bargain hunters for going long in Natural Gas ETF.

Trade NG With Bullish Formation

Natural Gas

Trade NG With Bullish Formation

Natural Gas

Disclaimer

1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.

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