The daily all session chart is putting in an ORH Day.
A close over 2.477 will put in an ORH week.
These are price positive patterns.

We were originally looking for a lower low next month in the Natgas Futures to re-buy positions in XCO & ECA.
We’re looking for a multi-year bottom, so I’m not going to get out the depends just yet.

Some of you have been playing the UNG ETF vs the Futures. This is not my favorite vehicle, however the pattern is the same. Given that this ETF has already rallied 13% today and that it needs all new closing price action over 17.50 for another leg up, we be a little patient before we jump in.

Tomorrow we’ll monitor the price action to see if we start building another long position.

The Lemmings are in Full Flight!