15Sep12:52 pmEST
A Good Combo
Both natural gas and the refiners are coming on nicely today. After the natty inventory report this morning, the UNG ETF is inching up to the key $8.60-$8.70 area, seen below on the updated daily chart.
Also note refiners TSO VLO are coming on a bit, too. WNR and DK are also firm.
Both natty and the refiners make for an interesting combination, as they are easy to overlook for many in light of the attention garnered by crude oil.
However, their respective charts are still trying to form massive base bottoms and are worthy of respect into further strength.