$UNG

Natural gas is testing a downtrend line from March 9, 2026 and has not closed above it; if it does, the speaker sees a parallel-channel resistance zone where he would short natural gas, while noting a previous-video buy position and that he is in a trade now.

Bearish
“The Gold And Silver Trades I Just Took”
Verified InvestingPublished Oct 13 · 1 passage

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Now we're starting to see that natural gas is knocking on the door of a trend line, folks. This line dates back to March 9, 2026. You have a good downtrend line here. You can see that we rejected the price, which establishes our trend line , and then we rejected the price again about a week later.

It continues to push forward, and now we are trying to close above this level. We haven't closed above this level, and we haven't confirmed it since...yes, we're going back to February of this year.

So, if we close above this trend line , what level should I be watching, guys? Okay, I'm looking at this lower level here. It creates a small, good parallel structure, and a nice small parallel channel.

So, if we move this parallel channel upwards, you can see that we are reaching the first candle here. You can see, well, the price action was reacting to this trend line , and it continued to do so, you know, over and over again .

Therefore, I am monitoring this as a potential resistance zone. This is where I would like to sell natural gas on the short, everyone . Now, we entered a buy position in the previous video, so congratulations if you made that deal, but I'm in a deal now.

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