Here is the current contango situation for natural gas this morning:
Contango in the frotn two miotnhs (January and February is 0.75%. As contango goes, this is quite low. While it does not mean that natural gas prices will rise, it means it is not so bad for UNG which suffers so much when contango is in effect.
From February to March the contango it is even lower at 0.26%.
UNG has dropped in recent two days, making it "interesting".