United States Natural Gas Fund (UNG) Monthly Technical Analysis
United States Natural Gas Fund
Tracks the price of natural gas futures contracts. Natural gas is used for electricity generation, heating, and industrial production. Prices are highly volatile and sensitive to weather patterns, storage levels, and seasonal demand.
UNG Technical Analysis Summary
UNG remains trapped in a dominant, multi-year secular downtrend with structural price action compressed near all-time lows. Price is trading beneath the 20, 50, and 200-period monthly moving averages, while an RSI value under 40 confirms a persistent bear regime. Without a decisive breakout above the 20-month and 50-month moving averages, long-term rallies remain low-conviction counter-trend bounces.
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UNG Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below the 20-month moving average (13.18) with a recent sharp monthly decline, reinforced by RSI holding below 40 at 37.90.
Long-term Sentiment (weeks to months): Bearish
The secular multi-year trend remains deeply bearish, with price heavily suppressed beneath the declining 50-month SMA (22.89) and 200-month SMA (193.72).
Report Metadata
- Timeframe: monthly
- Generated at: Nov 1, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $6.45 | $5.50 - $7.40 | Moderate | Historical cycle lows and proximity to the lower monthly Bollinger Band around 7.37. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $16.00 | $13.00 - $19.00 | Strong | Confluence of the 20-month moving average (13.18) and the upper Bollinger Band boundary (18.98). |
| $23.50 | $22.00 - $25.00 | Strong | Major structural resistance zone aligned with the declining 50-month moving average at 22.89. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Secular Downtrend | Bearish | N/A | Multi-year persistent downtrend and structural decay defined by consecutive lower highs and sustained closes below all key monthly moving averages. |
Frequently Asked Questions about UNG
What is the current sentiment for UNG?
The short-term sentiment for UNG is currently Bearish because Price is trading below the 20-month moving average (13.18) with a recent sharp monthly decline, reinforced by RSI holding below 40 at 37.90. The long-term trend is classified as Bearish.
What are the key support levels for UNG?
StockDips.AI has identified key support levels for UNG at $6.45. These levels may represent potential accumulation zones where buying interest could emerge.
Is UNG in a significant dip or a Value Dip right now?
UNG has a Value Score of 63/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.