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Benzinga
Benzinga
Business
Mark Putrino

Is This Natural Gas ETF Breaking Out?

NYSE UNG

The price of natural gas has been moving higher. And if it continues to do so, shares of the United States Natural Gas Fund, LP (NYSE:UNG) should breakout and follow along.

A resistance level is a large group of investors who are all trying to sell at the same price. UNG has a resistance level at $19.00.

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