Positive Divergences in Natural Gas

There's so many people bearish on natural gas, it's likely only Grizzly Adams would be comfortable in this space.

Nevertheless, the message from the markets, similar to that in the Uranium market several months ago, implies growing bullishness.

This market should be closely watched for a technical breakout.

Natural Gas ETF (UNG):


Commercial traders have been big buyers for months.

Natural Gas ETF and the Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest: