United States Natural Gas Fund LP
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UNG (Natgas) defying the ST trend in the energy markets

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Natty has been dancing to the beat of its own drum lately while oil, uranium and xle components have been struggling. Elliott Wave is a tool I often use, but I still consider it esoteric in nature, and often difficult to read, so, reader beware. So, while the bottom may be in for Natty, at recent support just under 18, I suspect a re-test is coming, as well as a possible, even if unlikely, gap fill around 14.

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