BullBear Trading: Stock and Financial Market Technical Analysis

Buy $UNG: Natural Gas Just Broke Out In A Major Way

Natural gas broke out on the daily chart today. This is a strong breakout with significant upside between 10-20%. The United States Natural Gas Fund, LP (NYSEARCA:UNG) can be seen in the stock chart below hammering on the trend line multiple times until it broke out today. Chatter is strong amongst institutions that a squeeze could hit in the next few days. Price action dictates natural gas is a strong buy here.

By Pro-Trader
Markus Teller

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