Market Breadth Data******************************

Tuesday, October 27, 2015

$UNG Bounce

Despite a falling rig count since 2008, natural gas prices have been declining steadily for the last 7 years. Currently NG is testing the 2012 lows and offers a good risk/reward opportunity for at least a short-term long trade:
















On the daily chart there's a gap at the 2.22 - 2.28 level that's practically begging to get filled:


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