4 things working in favor of UNG at this point in time
1. Natural Gas at Decade low Prices today, lows never last long based on historical data.
2. Winter fast approaching
3. Philly Fed. shows Manufacturing at +4.2 vs. -2.0 consensus.
(the more manufacturing there is the more gas is used the saying goes)
4. The "X" factor is that a major Hurricane could hit the USA in Sept. chocking off Supplies.