July 29th, 2010
Published Daily

UNG – U.S. Natural Gas Fund (Last: 13.20)

by Rick Ackerman on August 7, 2009 12:01 am GMT

UNG slightly exceeded a Hidden Pivot at 14.12 that has been coming for a week, but it remains to be seen whether buyers will get second wind for a push to another at 14.36.  If there is strength percolating beneath the surface, we should expect the steep correction begun yesterday to go no further than 13.01, a ‘midpoint’ pivot whose ‘D’ sibling lies at 12.58.

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