Natural gas tale of woe: might need another low (getting ready to buy)

We've been tracking natural gas ($NatGas) and the ETF, UNG, for the next big low buying opportunity. Good news, it's getting closer. Bad news, it's not quite there yet. Tony Caldaro has it marked in a way suggesting that. And my daily chart of UNG shows that, while buying interest has picked up, there isn't a reversal buy pattern yet. This does allow time to prepare for scaling in, however. Once we see new lows and/or a reversal buy setting up, expect to see serious buying volumes in the ETF ($UNG) leading to higher highs, then higher lows. This low cycle buying opportunity should last a good long time once it kicks in. So being patient will be worth it.