UNG chart is sound; expects price to rise to $3.23 trend line.
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Next, we have natural gas. Natural gas also saw a significant decline today. Notice the significant drop; there is also a large wick at the top. Overall, this is not bad . The chart is sound; it is simply in a consolidation phase within these four candle ranges.
Notice this candlestick; the price action is approaching the close, or at least will attempt to close within the next 27 minutes within the range of that candlestick.
If that happens, there will be no harm to the chart; it's just another day of accumulation. What worries me most is the emergence of more similar tails, where the price rises tomorrow, then sellers take over and push us down.
If a large number of these tails appear, this highlights the willingness of investors to sell gas. I still expect the price of natural gas here to rise, reaching the downward trend line at $ 3.23.
This is inspired by previous pivot peaks that you see here on the chart since March 2026, as well as in June of this year.
That area will be... serious competition must take place in the area, and approximately when that will happen, is when the price of gas rises on the charts.
What this channel has said about $UNG
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