Natgas, UNG & DGAZ
I think this, roughly, was the neckline of the H&S topping pattern:
Which corresponded to this:
As of now I still see NG going into the mid 3’s, and perhaps even spiking back up to $3.80 again:
Longer term, I still see NG dropping down to approximately $2.80, which is an obvious support on the daily and roughly corresponds with the SMA 100 on the
weekly chart above, which has also been acting as support.
Thereafter, if NG were to break that level these targets would come into play but it’s just an “if”: