Fibonacci is telling me that UNG could fall to $4.5 range.
Wave theory telling me that we are in last leg down:
Based on Wave theory & Fibonacci retracement: I could buy small lots at 9, 8, 7.5, 7, 6.5 & stock could rise back to 20 in next 6 months
| Price1 | 17.55 | |
| Price2 | 4.80130628 | |
| Delta | Price | |
| 0% | - | $ 17.55 |
| 21.39% | (2.73) | $ 14.82 |
| 38.20% | (4.87) | $ 12.68 |
| 61.80% | (7.88) | $ 9.67 |
| 78.61% | (10.02) | $ 7.53 |
| 100.00% | (12.75) | $ 4.80 |
UNG has drifted to low of $6.72 in May 2010. It has been lurking near lowest points since April 2010. Now Asian funds are seeing NG at 1/3 of equivalent Oil prices. Considering low point
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