On June the 28th, the United States Natural Gas Fund (UNG) formed a bullish reversal candle, as it undercut its 10-day moving average before rallying to close near session highs. For the past two days, UNG has been consolidating along its 10-day MA, as it has attempted to get back above resistance near $19.50. A volume fueled move above the three day high of $19.47 could provide a buying opportunity in UNG. We are placing UNG on the watchlist. Trade details are posted for our subscribers in the watchlist section of the newsletter.

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