Not for the feint of heart!
This is attempting an ORH day to the upside.
The low was a good enough low to hold, even though we were looking for
the lower Fibs @ 3.80 to initiate a Long.
The UNG ETF shows a similar pattern. This really needs a close over 21.75 for upside confirmation.
FYI..UNG has a notoriously bad tracking error so attention should be focused on the June Natgas Future. (NGEM)
Keep this on your radar for end of day.
Surrogates trades would include ECA,CHK,DVN,CBI,LNG


