UNG Looks Bullish - Could Reach $12
The Natural Gas ETF (UNG) has broken above the daily declining trendline.
The bottom this week had a significant RSI bullish divergence
Seasonal patterns for Natural Gas are bullish from mid - February to June.
UNG ended the 02/24/23 session near 8.50.
In the next few weeks it could reach 12.00 near Fibonacci and chart resistance.
Mark
The bottom this week had a significant RSI bullish divergence
Seasonal patterns for Natural Gas are bullish from mid - February to June.
UNG ended the 02/24/23 session near 8.50.
In the next few weeks it could reach 12.00 near Fibonacci and chart resistance.
Mark