Hello, traders! UNG has carved out a confirmed double bottom at $12.00 and reclaimed the 20/60-day MAs, with MACD and SQZMOM turning positive. Price is now pressing the long-term 120-day MA near $13.98—first real test of the new uptrend on the 1D chart. The neckline sits around $13.75, which flipped to support on the breakout and should be the battleground on any pullback.
Primary path: look for continuation if buyers can close the day above $14.75. That break-and-hold unlocks room toward $16.00, then $17.25, with the larger supply zone anchored near $18.00 from the May–June consolidation. Momentum is expanding, so shallow dips into $13.75 can be constructive as long as that level holds. The structural floor remains $12.00.
Alternative: if price gets rejected at the MA120 and slips back below $13.90, risk of a bull trap rises. A daily close under the neckline at $13.75 would invalidate the immediate bullish thesis and open a path back to $12.00. Invalidation for longs: daily close < $13.75. Trigger for continuation: daily close > $14.75. Targets: $16.00 → $17.25, with $18.00 as the higher-timeframe supply.
Thought of the Day 💡
Good trend trades start at levels where you’re least tempted to chase—and most prepared to invalidate.
This is a study, not financial advice. Manage risk and invalidations
Primary path: look for continuation if buyers can close the day above $14.75. That break-and-hold unlocks room toward $16.00, then $17.25, with the larger supply zone anchored near $18.00 from the May–June consolidation. Momentum is expanding, so shallow dips into $13.75 can be constructive as long as that level holds. The structural floor remains $12.00.
Alternative: if price gets rejected at the MA120 and slips back below $13.90, risk of a bull trap rises. A daily close under the neckline at $13.75 would invalidate the immediate bullish thesis and open a path back to $12.00. Invalidation for longs: daily close < $13.75. Trigger for continuation: daily close > $14.75. Targets: $16.00 → $17.25, with $18.00 as the higher-timeframe supply.
Thought of the Day 💡
Good trend trades start at levels where you’re least tempted to chase—and most prepared to invalidate.
This is a study, not financial advice. Manage risk and invalidations
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน