plmyers2

UNG - a composite operators dream

Long
AMEX:UNG   United States Natural Gas Fund LP
Volumetric accumulation on UNG, strong bullish bias on energy sector and notable accumulation on natural gas occurring on similar timeframes. Bullish divergence on multiple oscillators. Price has migrated and stabilized past the long term down-trend. This could be a sleeper for awhile, but primary harmonic profit target is around 17 bucks; the mid-point of the butterfly pattern.
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