Nat gas (UNG) has recently caught my attention.  While it was in a significant downtrend for the better part of a year it has recently been consolidating right under the $20 level.  A look at the daily chart shows a long move down and then recently a sideways consolidation pattern.  While this is typically a continuation pattern I am beginning to believe think that the next move may be up rather than an extension of the previous down trend.

Crude oil closed down $1.23 a barrel at $92.75 today. Prices closed near mid range today and hit a fresh 6 1/2 month low. The bears have the solid overall near term technical advantage. A stronger U.S. dollar index today was..........

Crude oil closed down $1.70 a barrel at $93.08 today. Prices closed near the session low today and hit a fresh 6 1/2 month low. The bears have the solid overall near term technical advantage and gained still more power today. A stronger U.S. dollar index today was bearish for the crude market. With a Trade......

Crude oil rose as the reversal date for the Seaway crude pipeline was moved up, causing the spread between New York traded futures and Brent in London to narrow. The bulls also gained support from retail sales in the U.S. increased more than forecast in March.