UGA

In mid-February, UGA – the US Gasoline Fund – moved above the blue resistance line, After that UGA moves above its 10-day exponential moving average. What’s more, UGA’s 20- and 50-day exponential moving average are also trending up and diverging from each other, a sign of strong bullish trend.

After a temporary momentum weakness, MACD is moving again above its signal line.

Finally, UGA’s Relative Strength has also moving up and above its 20-day exponential moving average.