$UNG may be a short opportunity given the recent bounce into the Ichimoku Cloud

Daily Chart

• The sentiment is bearish for $UNG which is confirmed by the weekly chart (see below)
• Bullish signal issued on May 4 as Tenkan Sen crossed Kijun Sen.  Price crossed Kijun Sen on April 30 which was also bullish.
• The bullish signals are weak since they occurred below the cloud
• Counter trend traders have an opportunity to short $UNG
• This is a limited profit opportunity and a stop and profit target should be used with the strategy

Weekly Chart

• $UNG has been in a bearish trend since last summer