UNG has hit the designated target designated on Dec 20, 2024.
Though there is potential for further long-term upside, the price has now reached previous previous high set in May/June 2024. As well, it is at the upper end of a parallel channel as shown.
I am closing the position at a profit of 37.6%. I plan to re-enter if/when price hits bottom of channel, or current resistance flips to support.
Though there is potential for further long-term upside, the price has now reached previous previous high set in May/June 2024. As well, it is at the upper end of a parallel channel as shown.
I am closing the position at a profit of 37.6%. I plan to re-enter if/when price hits bottom of channel, or current resistance flips to support.
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