The outlook for UNG has not changed over the last few months. It has failed to rally much but then hasn’t fallen either. Still favor a bounce that can test the highs from last year.
Updated weekly chart but very little change from the earlier post here which you should read as a reminder of the possibilities. The most noteworthy difference is that the cycle detection is focusing on a shorter cycle which has the ideal low at the end of September.
We are watching natural gas prices very closely right now. The technical picture makes a strong case to expect a reversal and rally soon.