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Natural Gas is Starting to Lift Now

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Although the spotlight in the energy complex is on Oil, rather than Natural Gas, the latter is starting to lift a bit towards a confrontation with very important resistance located between 2.44 and 2.62, which must be hurdled for Natural Gas to establish a significant multi-month bottom. As long as the Jan 19 pullback low at 2.04 remains intact (7.63 UNG), I want to remain long United States Natural Gas (UNG).

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