Today UNG, the natural gas ETF opened with a big up gap and moved above the resistance level near $20. Then it settled in and traded within the 19.70-20.00 range during the entire morning session. After the noon hour, UNG profit taking started to take hold and it ended down 0.15 for the day.
Here is a brief video looking at UNG's price actions and where the next long entry might be.
Disclosure: long UNG
