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Nat Gas ETF:UNG/ Building Pressure *PIC*

The Nat Gas ETF:UNG is consolidating in a tight price range with postive divergences on recent lows. Watch that downtrendline for a breakout for a signal. After a breakout price would also have to clear AND hold above price resistance of 10.50 to suggest a 'significant' low was in and a reversal of substance was in the cards. A break to new lows would still show a postive divergence on the oscillators for some time as they do suggest a bounce if nothing else is in the cards as previously signalled. But a selloff to new lows could also occur here. Let price action answer the question. A downtrendline breakout would be the 1st sign of a 'change' in trend.