Day Summary

The resistance is holding so far. Market is reducing its overbough condition right now. We need to see if market wears of its overbought condition by digesting last few days gain and build steam to blow thru the resistance or does it start a new downward leg from here. There could be some backing and filling before next leg up. UNG seems to be clearing a big resistance right now, if this gets cleared next stop is at 50. I am gonna hold UNG for long term as this could be start of a potential big trend in UNG.