ROYL Update/Chart Request

ROYL is another that looks similar to UNG, although the volume is MUCH lower.

 This is the daily 3C chart with another leading positive divergence like UNG, like UNG ROYL also seems to be in a lateral base, this is how long term accumulation most often occurs-quietly. This base s probably a little more advanced and I wouldn't be surprised to see ROYL make a decent move up within the next few weeks.

 The 60 min chart shows when prices rise to high, there's a bit of distribution to bring them back in to the target accumulation area.

 We see the same on the 30 min. chart.

 The 10 min chart accumulated on 9/2-9/6 and moved up from there, right now it looks like there's some light distribution of that move up.

The same can be seen on the 5 min chart, there's not enough volume to see much on a 1 min chart. Again, if I had any profit in this from the 9/7 move up, I would consider taking some or at least have a trailing or regular stop in place. Again, I think it will be difficult for these energy stocks to mov against the sector which I believe will see down side moving forward for several days.