$UGAZ: Natural Gas NG needs to break through $1.8 to go higher
Natural Gas NG has moved higher in Tuesday trading session. Short-term resistance is seen at $1.8, support at $1.76.
UGAZ trading between $15.70 and $17.70, with $16.65 being important level to stay above.
NG needs to break through $1.8 to challenge its next resistance level at $2.0. With fundamentals turning bullish, it is a possible target.
UGAZ: next upside targets remain $20 and $23 levels, even if a pull back.
Technicals: currently overbought on 30 min, 1 Hr time frames. 4 Hr chart is also near recent resistance levels, but may consolidate there in the near-term.
UGAZ trading between $15.70 and $17.70, with $16.65 being important level to stay above.
NG needs to break through $1.8 to challenge its next resistance level at $2.0. With fundamentals turning bullish, it is a possible target.
UGAZ: next upside targets remain $20 and $23 levels, even if a pull back.
Technicals: currently overbought on 30 min, 1 Hr time frames. 4 Hr chart is also near recent resistance levels, but may consolidate there in the near-term.
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