UNG: A Great Buy Setup to Capture the Bullish Continuation

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Earlier this month, UNG has reached a three-year high at $28 level. Immediately, the price gapped down to $25 level. The market has been moving in a short-term descending channel. This week, the price broke the channel by forming an inverse head and shoulder pattern. After breakout, the price retested the neckline and formed a bullish doji. This is a good indication that bullish momentum has taken over the market. First buy target is set in the gap area at $27 level. Second target is set at $28 level or higher, as the market is very bullish at the moment.


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تم فتح الصفقة

Price reaching halfway of 1st target