US NAT GAS FD ETF (AMEX: UNG) (AMEX:UNG) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock US NAT GAS FD ETF (UNG) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in US NAT GAS FD ETF (UNG)
1- Last bullish trend was from 9.31 $ (1/29/2010) to 10.00 $ (2/5/2010) a 0.69 $ move 2- The current bearish trend started from 10.00 $ at 2/5/2010 and is currently trading at 7.97 $. 3- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
US NAT GAS FD ETF (UNG) Short term stock chart patterns for internet stock trading :

4- The Stock was resisted by a resistance line, identified by two points: 10.000 and 10.350, and is currently resisting at 9.160.
US NAT GAS FD ETF (UNG) Mid term stock chart patterns for internet stock trading :

5- The Stock traded in a bearish stock channel identifed by support at 9.310 and 10.080,resistance between 10.000 and 10.830 which was broken down at 8.060 in higher than usual volume.
US NAT GAS FD ETF (UNG) Long term stock chart patterns for internet stock trading :

None.

Stock Trading Conclusion:
US NAT GAS FD ETF (UNG) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 8.13, 8.45, 8.75, 8.98, 9.16, 9.22, 10.00.
Stock Support levels :.