Here is the Natural Gas 4 hour chart. I still think we are in a grey area and some type of confirmation should be waited upon. We could very well be in a zig zag corrective pattern. We will know in the next couple days. If it drops again into that red zone then I think I will buy UGAZ again. On a side note....if by chance UGAZ dropped below the red zone then perhaps the cycles do work. But we will cross that bridge when we get there.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.