We have 1 very minor 1 minute positive divergence, it may not amount to anything, it may be day traders covering shorts, but in any case, all the other timeframes are solidly bearish at this point. Yesterday's bearish engulfing candle is known in western terminology as a "one day key reversal" and it appears it was exactly that.
Remember that UNG's stop around $8.08 (actually below, but that is just a recommendation) is only for the end of day, not intraday. All stops found here are the same (both recommendations, not written in stone and for the end of day).
5 years ago
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