Our proxy for Natural Gas, UNG, is in the very final stages for the decline from 34.50. We think that a final spike to just below 6.58 could be seen to complete the decline from 34.50 and set the stage for a new impulsive rally back to the long-term resistance at 34.50.
That said, a direct break above resistance at 7.25 and more importantly resistance at 7.88 will confirm the completion for the decline from 34.50 and that a new impulsive rally is unfolding.
QUICK LINKS
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Contact Us 
