Nat-gas, UNG contacts its trend-line on a low volume day.
The daily chart is modified to show pre-market activity. It has UNG posting a low of 10.66, about one hour before the regular session, October 2nd.
With that low, we can see three trend line contact points … which includes today’s contact.
The expectation is for nat-gas to inflect upward at this point and continue higher as we head into the fall and winter months.
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