Wednesday, 13 May 2009

Natural Gas

Natural gas was going down for months and months in the US. But now it’s back. And the price is going higher. Since May started, NG is rising and not looking back.
Is this normal?
No it isn’t.
What more can we say.
We’re looking to the US Natural Gas Fund (ticker: UNG) renko chart . This is way overbought, but look to the volume: it comes in bundles of positive price action.


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