The short answer is probably no.
The long answer (not a recommendation, not advice) is nat-gas can be extremely frustrating to trade.
The gap-up open today, dissipated and closed lower. Currently, in the overnight session nat-gas is lower still, by -2.05%. to -2.15%
Based on that data, the daily chart of UNG has been updated to show where trading action is taking place overnight.
Note the trend-line:
If price action contacts this line again and bounces off to the upside, it’s an excellent confirmation … possibly leading all the way to the December – January (planned exit) time frame
Coming up in a few days is the EIA Natural Gas report; due out on Thursday at 10:30 a.m.
Price action as a result of the report (just after release) may give an opportunity for an entry provided the overall trend remains to the up-side.
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