UNG is solid

There are only 1 or 2 long term long positions that I really like, UNG we have been watching for a while and were way ahead of the crowd, this has made UNG a profitable position from early positioning while others hated the stock.

Last week we talked about a needed pullback to gather strength and the last 2 days we have seen UNG run 5% and thus far 6% today, despite the market yesterday!

UNG needs 1 thing to enter stage 2 mark up (the easy money/ trend) and that is a volume surge, not so smart money can buy, they did that long ago at much lower prices, but so technical traders think smart money is buying as their volume surge scans pop and they notice and chase UNG, then UNG enters stage 2. The first step though is breaking out of the base, that is happening now. It would be great to see today's gap up hold as an open, breakaway gap.

 The daily chart and the much needed pullback with a break through the base's resistance today, volume looks good thus far.

 The surge in volume since yesterday.

 3 min chart is seeing some profit taking, but after the last 2 days that's to be expected, it's not putting the larger move in any jeopardy.

 Everything else is confirmation- 10 min

 15 min

60 min

This is a longer term position, I rarely look at it, I think just give it time and let it do its thing.