EIA Nat Gas Report Out in 15 Minutes

Take a look at UNG this a.m.

Here's UNG intraday filling a gap down this a.m. quite quickly.

 The longer term daily chart seems that UNG has made a transition from a down trend to a base, even volume is out of character recently. The yellow area, I have suspected to be a shakeout of the base. Here's why...

 The red trend line is the base's support, notice 3C since the move below the red trendline, a very strong positive divergence (leading).

 Just yesterday UNG pulled back in to a positive divergence (buy low and sell high is not just a slogan, it's how Wall Street trades and they use obvious support/resistance against traders).

 This is this morning's action alone on a 2 min chart...

And a very strong early leading positive divergence this a.m. on a 1 min.

We'll see what inventories does shortly.