UNG bullish;W3 OF III extended;may retrace to 25.34 midbox first
In this weekly chart, UNG Natural Gas still has a long way to go. It is currently doing wave 3 of 3 but is already over-extended in its Bollinger Band. It is likely to retrace very soon to the middle of the latest DARVAS consolidation box which is 25.34 before continuing the wave 5 of III. 25.34 is also the low of the latest big green weekly breakout candle.
Supply crisis is not going away soon.
Not trading advice
Supply crisis is not going away soon.
Not trading advice
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