Thursday, October 11, 2012

UNG @ New Recovery High

And not only that, it's looking to close near that high on volume, stage 2... Here we come!!!!

While the rest of the market sits around indecisive "looking" near the close, UNG is decisive.

 That's a new daily closing high and the candle looks to close near or at the high of the day on a nearly 5% gain with rising volume.

 UNG 30 min through most of the base, nice confirmation now...

However that last pullback seemed to be very important, it sent a 4 hour chart to a new leading high and right after, UNG followed. Smart money was at work right before the breakout.

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