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Natural Gas Is About To Breakout

Published 06/13/2018, 03:04 PM

Natural gas just broke out of a consolidation triangle. Gas storage is at a multi-year low in the United States and while oil is near multi-year highs, natural gas is just coming off multi-year lows. This recipe sets the stage for a solid surge in natural gas. Look for it to trade up 20% in the coming months, realigning itself with the move in oil.

United States Natural Gas (NYSE:UNG)
United States Natural Gas

Latest comments

Don't trade UNG without first looking at NG futures, which is the real deal. And NG shows there is no break out
Wrong! Nat Gas remains ranged, just look at the futures term structure. Fading your calls is even more profitable than fading Gartman's!
Look at that. One week later, and Nat Gas remains ranged, no breakout! If you trade Nat Gas, you need to look a the futures term structure. Charting UNG by itself gets you nowhere.
It's dgaz or ugaz whatever USA trades but wow what a anylize it is - investing I can offer my service which is definitely more complex than ur analytics lol
What chart is this? Natural gas is trading at 2.9....
Ung
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