Is there an opportunity in natural gas (UNG)?

Today's market update will be brief, there are various interpretations. I would be cautious on either side; first couple of days will clarify certain things.

UNG Daily: Natural gas ETF is just below 50 DMA, decisive break of 50 DMA (11.11) should push price to 200 DMA (around 12.80). Last few days volume is high and it seems like it must be accumulation volume. There is bullish divergence in background. MACD has turned up and RSI can support higher prices. Bollinger Bands look good.

We have covered our short on Google and still holding Apple short.