Money flow turns a little positive in UNG with natural gas making potential swing low

Hey, remember UNG and natural gas?! Since I had been posting about the possibilities for another great buying opportunity swing low coming along, it made a low and started basing. Now I can't absolutely guarantee "that was it," but it's pretty easy to see this can be a good buy point with strategic stops to prevent loss if it does drop under the recent basing range levels. Check out the money flow indicator on the UNG daily chart - it's finally moved up to the positive area! And the monthly $NATGAS chart shows a very interesting rebound by the StochRSI indicator up from its midline - that's a very promising reading for this indicator.

My thought is that we might see $NATGAS get above $7, with UNG making a similar nice move up. Again, no guarantees of course. But my readers who've been waiting for natural gas to turn positive again, should take a look at this.