![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAP4-wnWPkl1ejwskSeZAecCwuf4_M1Vjo8SKs56gaPgsxFd4WgsiKputkrFyhvDVN_poE70xvg90GF1_LTKa2LV7zsLpT5ayEIawd2v5axdBTaRVcnl0Xu1kc8KuF9MpHZg08SvkKATDm/s400/Chart+of+UNG1.gif)
The main problem with the UNG chart is the massive amount of resistance created by resistance lines A and B. Notice that area C shows prices have gotten to these levels before only to be rebuffed.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLTUQEnotpM3amy_Y8Wz2Cawpp_Tj5AuBWOs3QP6_K1VaxeNzVIumyLOVgt5o9JwwuCSlLZRQSbCWQha7gqqkgFa2hRmheH4xjkimX4hYXpb31dob50As7pTq-UXxYooDWUQp1dXhKTIjL/s400/Chart+of+UNG2.gif)
The above chart shows more detail regarding the resistance. Notice this is the 4th advance into this area since mid-September. Prices simply haven't been able to get above the 11.80 - 12.20 level. This is a very big supply area. The question now becomes is this still a supply area? Or has the recent fundamental news changed the game?