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Natural gas: Cup with handle formation. Looks bullish

Natural gas: Cup with handle formation. Looks bullish

We have a cup with handle formation. Signal for buy would be a close the current down channel line. If you would go long now can use close below most ring low.

Supporting this idea is a sizable positive reversal in the daily RSI .

Major natural gas producers are: AR, EQT , and RRC all of which are up today. Take a look at them.
UNG is a natural gas ETF .

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