UGAZ Monthly Close Above $11.50 - What are the odds?
asked by u/kwame_mensah · 5d · 0 answers
Been looking at $UGAZ movement lately and wondering about its trajectory for a month-end close. Given the current range of 10.61-11.25, I'm trying to gauge the likelihood of it pushing above $11.50 by the end of May. My rough take is maybe 30-35% odds, primarily due to recent volatility and what seems like continued natural gas demand, but also facing resistance at those higher levels from prior consolidation. Curious to hear if others are seeing a stronger push or a pullback in the cards based on their models.