Buyers pushing UNG towards its price target of $6.23; currently at $6.17

• Solid trading session sets up assault on pivotal resistance at $6.23; currently 7 cents away
• The lower Bollinger Band® is currently at $6.12 while the higher band is at $7.46

Around $6.3, United States Natural Gas Fund, LP can look to establish a new bullish phase beyond its 3 day Simple Moving Average. United States Natural Gas Fund LP's lower Bollinger Band® is at $6.12, indicating that the market is oversold and fertile for new buyers. Despite this, United States Natural Gas Fund LP's run now faces a challenge at $6.23, which is only 7 cents away and will be interesting to follow.

United States Natural Gas Fund LP continues to move higher with technical analysis indicating the trend will continue in the short term.

Around $79.8, Materials Select Sector SPDR Fund can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Materials Select Sector SPDR Fund's lower Bollinger Band® is at $78.35, indicating that the market is oversold and fertile for new buyers. On the other hand, note that it will be interesting to follow how Materials Select Sector SPDR Fund's run now faces a challenge at $80.05, which is only 36 cents away.

Overall, looking at the technical analysis landscape, it seems Materials Select Sector SPDR Fund might continue pointing upwards in the short term.

IShares Short Treasury Bond ETF price action is currently oscillating around the $110.13 support level with prices moving above and below several times during the session.

Fundamental indicators – highly important Average Hourly Earnings data from United States beat analyst expectations of 0.3% with a reading of 0.5%.