Anticipating a Top in Natural Gas

Please Note: This will be the last Mid-Day Minute until Monday May 12 as Mike is away on Thurs & Fri May 8-9.

I am anticipating the establishment of a meaningful top in the U.S. Natural Gas Fund ETF (AMEX: UNG) in the vicinity of 53.00-55.00 in the upcoming days/weeks. Both my pattern and momentum work indicate that such a top is in development at this time, but that does not preclude the UNG from climbing to marginal new highs above 55.06 during the process.