Buyer beware the natural gas contango at 1.55%, UNG bullish trap?

Natural gas is in contango, of 1.545% more precisely:

The chart for UNG looks slightly bullish - in recent weeks that is:

However, we know what happens with UNG when there is contango. The reality is that we are not aware of any changes in the fundamentals for natural gas. It's buyer beware, certainly for UNG, which does not need any movement at all in natural gas prices to lose value.