Friday, May 8, 2009

Zignals Stock Chart: United States Natural Gas Fund

$UNG United States Natural Gas Fund has attracted plenty of interest on its recent rise in volume, although it is difficult to see where support lies beyond the most recent reaction low of $12.70

Some may look to the $14.45 level to hold or the $15 area which was resistance for the early part of April. I have not entered a YourCall for this although risk:reward shows potential targets of $18.23 and $26.00.

Dr. Declan Fallon, Senior Market Technician, the free stock alerts, market alerts, and stock charts website