AI
Thursday, June 30, 2011 11:12:16 PM
UNG Chart:
Bullish close above trendline on expanded volume. Interesting divergence between Wilder's DMI and CMF/StochRSI. Level 2 plainly showed institutional block buying today, but doing so very carefully, adequately explaining the divergence. Channel displays appealing range with approximately 16 - 22 days from trough to peak presenting call/put advantage. The icing on this cake is seen in the higher highs/higher lows seen within. 5MA displays a sharp-angled upward curl suggesting a cross above 10MA likely, conforming bullishly to volume and StochRSI.
Bullish close above trendline on expanded volume. Interesting divergence between Wilder's DMI and CMF/StochRSI. Level 2 plainly showed institutional block buying today, but doing so very carefully, adequately explaining the divergence. Channel displays appealing range with approximately 16 - 22 days from trough to peak presenting call/put advantage. The icing on this cake is seen in the higher highs/higher lows seen within. 5MA displays a sharp-angled upward curl suggesting a cross above 10MA likely, conforming bullishly to volume and StochRSI.
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