UNG have traced a positive (reverse) head-and-shoulders pointing to $12

Can you believe that UNG (the ETF that somewhat tracks natural gas prices) closed slightly positive today?! I'd shown at my UBTNB3 blog that it's traced out a large reverse head-and-shoulders pattern - so haveen been expecting it to go up. But intraday I wondered, as it sagged, but later it moved up well. I'd sure like to see it remain above the most recent prior swing low point. Given that, the reverse h&s looks valid to me for getting UNG to the $12 level and maybe higher.

Bigger picture, natural gas should be in good shape to test and trend higher.