NATGAS Rejecting Bearish Push Lower

22 Des 2017

2.552 Seems to be a very strong resistance point that NATGAS is refusing to push below. Despite bearish patterns this week this point has not yet been broken. With local and longer-term double bottoms NATGAS seems as though it is going to at the very least 3.0 before it retests 2.552 again. Holding UGAZ over the weekend should make for an easy chunk of change on a swing trade at worst, and at best would be buying the bottom of NATGAS and riding it all the way back up.