The cost of gas has actually emerged from a six-month sag and re-entered its longer-term uptrend channel. The breakout supports greater gas costs over the intermediate-term, and the channel’s long-lasting benefit momentum is a tailwind watching out into 2026. The United States Gas Fund (UNG) is a typical lorry for getting direct exposure to gas costs. UNG has a fresh short-term breakout above resistance from the day-to-day cloud design, which had actually topped gains given that March. The breakout finishes a bullish double-bottom pattern amidst favorable short-term momentum, targeting the 200-day moving average (MA) near $16 over the coming weeks. On the weekly chart, the MACD has a bullish crossover that recommends intermediate-term momentum has actually enhanced meaningfully. The momentum shift followed stabilization at long-lasting assistance from the November 2024 low, which is $12.30. Previous assistance returning to the January low near $15.90– which approximately lines up with the 200-day MA– now forms a resistance zone. UNG has actually seen efficiency versus equities enhance over the previous 3 months, leading to a loss of drawback momentum in the ratio of UNG to the S & & P 500 Index (SPX). The ratio has actually decisively cleared the 50-day MA, and the slope of the 50-day MA has actually turned higher in a reflection of enhanced intermediate-term momentum for gas versus equities. A 40-day rolling connection of UNG to SPX is approximately absolutely no, so UNG can be beneficial as a diversifier if the equity market deteriorates.– Katie Stockton with Will Tamplin Gain access to research study from Fairlead Methods free of charge here. DISCLOSURES: None. 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