UNG Natural Gas Follow Up

I've talked recently about UNG, a poorly performing commodity, potentially turning this around.

Take a look at this 60 min chart which sent UNG lower in the last cycle.

 The 60 min chart, cycle from accumulation (stage 1) to decline (stage 4)-a complete cycle.

 Looking at UNG vs. the 50 day moving average, it's obviously turning and likely forming a base. When large positions are sent to specialists to be filled, there's an average target price, if UNG runs too high, they simply knock it back down and begin accumulating again.

Now take a look at the daily 3C chart.

Rarely do we see a divergence this big on a daily chart. It looks like someone is putting together one big position in Natural gas.