UNG Still a Buy

I didn't have much doubt about it earlier, but it's better to let the objective evidence build.

This looks like a classic, short term head fake move under a somewhat recognizable range, it may also have something to do with the EIA Nat Gas report which in the past has been one of the most leaked reports (and crude), so if you know what it is and it's good, you want to buy cheap. Otherwise this isn't a surprising move.

UNG still has the rounding base structure to is, so it's fine, remember this is likely the last pullback before a break at stage 2, so if it takes some extra time in preparing, not a big deal.

The intraday chart confirms accumulation in to today/'s move on intraday levels and

The 5 min chart provides a strong leading positive divergence today specifically on the break below the yellow area/support/range.

If I had room, I'd definitely add to UNG today.