There actually has been a lot of improvement in the UNG charts, in fact all the way out to a 60 min leading positive divergence.
The daily chart shows the reversal process is just about the right size as they tend to be proportional to the preceding trend.
10 min leading positive
And a 60 min leading positive (there are numerous other timeframes, these are the most important for a swing trade and longer.
This is what I'd still like to see, a dip to run stops with a positive divergence, I'd add the rest of the position if that were to happen, but with a leading 60 min chart I didn't want to wait too much longer.
Maybe the 10:30 inventories will do it for us?
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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