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Monday, April 02, 2012

UNG - Struggling To Bounce

UNG has not yet lost hope, having reached intermediate term down target and the lower trend line of the down channel.  Showing a little sign of bounce, it has so far broken through the 20 SMA on the 60 minute chart [to the upside] but barely hanging on.  It is not the season for natural gas after all, but I hope the bounce would be a bit more than this.

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