Although the energy-complex spotlight has been on oil, natural gas is starting to lift a bit toward a confrontation with very important resistance located between 2.44 and 2.62, which must be hurdled for nat gas to establish a significant multi-month bottom.
As long as the Jan. 19 pullback-low at 2.04 remains intact (7.63 UNG), I'll stay long United States Natural Gas (N:UNG).