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Friday, March 11, 2011

UNG Natty Gas Daily Chart Falling Wedge Positive Divergence

UNG natty gas ETF daily chart on the day of the Japanese earthquake. Price has already taken an initial positive divergence bounce a week ago. Beautiful falling wedge, oversold and positive divergence set up for a long play. 10.90 offers key resistance and two big gaps higher beckon to be filled.

Natty looking good and time will show what a 10.30 entry after the open this morning will yield moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.

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