The last update said that nat-gas (UNG) would have a test lower to wash out any late-comers to the rally.
Price action indeed went through a deep retrace/test and also a secondary test during today’s session.
This is normal market behavior at reversals.
A test can always fail with the market resuming its downward trajectory. However, at this juncture, probabilities favor continuation of the reversal to higher prices (not advice, not a recommendation).
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