Ready for Round Two

Here is a quick update for another potential entry into UGAZ, the triple-long natural gas ETF. On the UNG daily chart, below, of the straight-up natty ETF, you can see that today's session has seen some wild price swings with the inventory report. Still, it is impressive to see bulls hold the key $22 level I have been observing. If the strength holds this afternoon I have this one at the top of my list to buy. Overall, natty has been resilient over the past month in terms of buyers stepping in despite sharp shakeouts along the way. As long as $22 continues to attract buyers, I am an interested buyer playing for a further squeeze higher.