Today is near to a big support of 3.05 the UNG future.
Of course this is important just in the first part of life of the future, when the time pass and we are near to the next rollover the future try to break the supports too like happened with the september at 3.05 going to 2.80.
But it's a my medium and long term target and a possible cyclical low.
In fact the november futures are trading at 4,20, so my idea of an area of target of 3,05 that are months I call seem correct.
At the moment the support of UNG should be so 11.37 - 2% to 3,05 level of NG october futures less the 15/16% premium of today so around 9.50/9.40 area...
It's very confusing right now to calculate the supports of UNG so we cannot be precise anymore, so I suggest to take care of the future levels that don't trade at premium ha ha (:-))))
3.05 area is a good support.