While there are some potential divergences that could foil a breakout, the price action in /NG (natural gas futures) continues to improve & a solid break above 2.60 would likely trigger the next leg up. Previous (Dec 14th) and updated 60-minute charts below.

NG 60m Dec 14th

NG 60m Dec 14th

NG 60m Dec 21st

NG 60m Dec 21st

Ditto for UNG (natural gas ETN) with the breakout to come on a solid pop above the 5.00ish resistance (the twice hit first price target). Previous (Dec 14th) & updated 60-minute charts below.

UNG-60m-Dec-14th

UNG-60m-Dec-14th

UNG 60m Dec 21st

UNG 60m Dec 21st