Verified Investing on $UNG (Nov 4, 2026)
UNG is retesting a descending trend line from August 26, 2025 that is weak and may favor a downward move, though price is trying to bounce back. It must reclaim resistance at 955 to continue rising, with further resistance at 995; UNG can gap up or down at any time.
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Okay, let's conclude with UNG, natural gas. I like to analyze UNG graphically. He's having a good day today. It rose by about 2% today. 1.8 currently. It was up by about 2.5, but has since declined.
For support, we have the descending trend line in white here. This is from August 26, 2025. Note that it gave the price a bounce, a bounce here, and now we are testing it again after touching it several times.
So, this trend line is weak and may favor a downward move, but we are trying to bounce back.
If we continue to rise, there is a resistance level of 955 that we must reclaim if we want to continue rising. Then there is also this low resistance here at 995. But remember, UNG can experience price gaps up and down at any time. Good? Be prepared for those levels.
What this channel has said about $UNG
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