Long Natural Gas

Natural Gas futures have retraced the 2022 bull trend to a 50% Retracement Level at 6.60. Price needs to hold this level or else it risks giving up the 2022 trend.

This trade was prompted by a 30 minute timeframe Spike Alert this morning that pegged the broader trend level and sets up a low risk test. Stop alert below the morning low and an initial target a Retrace of the move down.


Some D****** members chose BOIL to express the trade (more volatility for more gains) and I chose UNG as the vehicle.