UNG has dropped from January 16th and from the next pop up in early March which is consistent with the forecast for lower from a wave iv bounce. Both weekly and daily cycles suggest an inflection point is near but price is not as deep as I'd like it. Since we now have prices back into the range UNG was in for much of 2018, I'm not confident in much lower prices but neither can I say lower is impossible. Disclosure, Natural Gas is my kryptonite, it is the market I have the most difficult time with, so take this accordingly, but I think we are in an area where a long trader can begin to accumulate.
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