UNG Charts

I don't know how the very clean and inexpensive Natural Gas fits in to a Romney win considering he favors coal, but I can't see an independent US Energy policy without taking advantage of our Nat Gas Reserves. I can see Nat Gas being utilized under Obama considering the law they passed this year that would make it impossible to build any new power stations with clean coal technology, only nuclear or natural gas would pass the emission standards they passed.  Whatever is going on, it's been going on for a while with Nat Gas. The pullback in UNG is what I call a constructive pullback meaning there wasn't any heavy distribution to send it lower, just enough to get it moving and there were positive divergences in to the pullback just like we want to see and use to enter or add to positions (buy price weakness with strong underlying money flow).

 UNG 3 min positive divergence on the pullback and only a 3 min negative divergence to get it moving down.


 10 min chart has no negative divergence so it wasn't that strong, they don't want to let go of any more shares than needed to get the desired move, they want to accumulate as you can see on this chart as prices move lower.

 15 min leading positive divergence in the flat range.

 30 min-again no negative sending UNG lower, but a nice positive.

The overall 4 hour chart during UNG's base