In the chat room Wednesday morning, appending Ira’s analysis, I posted a 4.183 minimum objective for September NatGas. Let me mention that this roughly corresponds to a 14.23 target in this vehicle. That’s a Hidden Pivot, and it would be a bullish sign for at least the near term if it is exceeded without much of a fight. ______ UPDATE (11:20 a.m.) : Nice. UNG has collapsed to 13.25 after peaking today at 14.00. In theory, longs would have been using a 10-cent stop-loss from 14.00, since only 23 cents of profit potential remained at that point.
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