I think so...
UNG looks like it was setting up a base, just loo at the trajectory of price recently and the volume, something is going on there.
This move below what looks like a base forming has been excessive, but the EIA coming out for Nat Gat Thursday is one of the most leaked reports.
Both 3C and UNG started moving well before the Fed statement, I'd say it's unrelated.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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