KOLD - Natural Gas: Expect A Sideways Pattern
In my last article on February 5th, I had highlighted that the bullish pattern Natural Gas (UGAZ) (UNG) was trading in was weak in technicals term. Due to this, a bearish reversal was in the cards. This proved to be true as the commodity tumbled till the 100% fibonacci support level after which it entered a box range pattern as expected. However, the big question now is what’s next for the commodity. This is as I believe Natural Gas shall continue trading in a sideways pattern for the foreseeable