- UNG falling wedge still intact,
- NATGAS potential daily downtrend forming we have to see if bulls can play defense and negate that bear flag.
- hourly trend will be my guide, if need bulls to form hourly uptrend before anything.
- UNG rejected from falling wedge upper resistance now dropping a little more then what bulls want to see
- need to confirm a hourly uptrend as the first step for bulls
- want to see it hold it hold 6.65 otherwise going to 6.3
- AMEX:NG AMEX:UNG AMEX:BOIL needs that 4 hours trend change otherwise even the big moves will essentially just fade
- still a potential weekly bear flag
- but still holding bottom wedge support and also double bottom on daily.
