Natural Gas

Natural gas, especially the ETF UNG, has had a tough couple of years. The natural gas futures have dropped more than 60% from the peak, and UNG has dropped over 90%. However, natural gas may have stabilized and ready to make a move to the upside. UNG formed MACD positive divergence in October, made a higher low in December, and broke its one year down trend today. If it breaks out above 6.40 in the next few days, the trend will likely turn upside.