UNG-NAT GAS

Here's the EIA report from today

Released On 11/21/2012 12:00:00 PM For wk11/16, 2012

Prior Actual Weekly Change -18 bcf -38 bcf A 38 BCF draw and UNG's reaction...

 That's the reaction on a 10 min chart, nice and our long there is doing very well, if you missed the chance to pick it up on the last pullback, just be patient.


 We are above the base range for the second day, we need a volume spike to move us to stage 2 as that is what retail traders thing institutional buying looks like. Obviously on a day like today when computers are running most of the market, it wasn't likely.

 The 15 min chart and positive at the last pullback as I showed back then, positive and in line since, so UNG looks good.

On a 2 min chart there's a little profit taking ahead of the weekend, not unusual.