I'm not saying UNG will keep this up without a consolidation or correction (I hope it doe consolidate/correct, as long as it's a healthy move, these are essential to a strong trend in not getting overbought), but thus far there's very good confirmation and this in an interesting study in what a healthy move looks like compared to many other charts we have seen.
I'm sure you'll spot the difference immediately.
UNG 10 min price trend
UNG 1 min chart, white for accumulation, green for confirmation.
2 min-also leading positive
5 min
15 min also leading positive.
Notice the difference?
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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