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Constructive Pattern for Natural Gas ETF
Sep 05, 2008

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Mike Paulenoff

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The U.S. Natural Gas ETF (AMEX: UNG) has come off its recovery high this morning at 34.54. The pattern carved out from yesterday's new corrective low at 32.30 is very constructive and argues for still more strength. The anticipated next upleg should hurdle key near-term resistance at 34.50/55 on the way to 36.50.

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UNG
C:5.1900

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