haven't updated nat gas for a while, because it's been consolidating heavily for most of the summer. Looks like it is ready to break out soon. Holding 3 dollars is key for a much larger upmove to 3.70 and maybe mid 4s. RSI certainly has plenty of room to run and with Nat gas, and it may outperform even past 5.
Comment:
close up view of consolidation
Comment:
UNG - Monthly hidden bull divergences
Comment:
NG futures looking strong, watch for breakout.
Comment:
a large gap up today on NG - see if it can run out of this area.
Comment:
weekly chart looking constructive. any pullbacks are probably bought