UNG 0.00%↑ has been breaking down for about 18 months, but saw a pop last week. I drew an AVWAP from the move up and watched the past few days. It’s back above it in todays session, and I put on what I think will be a quick trade. I’m hoping for a move up to at least the AVWAP from the recent pivot point, with my downside stop being the recent low. It’s nothing too substantive, but the Nat Gas moves can swing violently and perhaps I’m able to capture more, and I’m taking very little downside risk.
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