New Upleg for Natural Gas?

The U.S. Natural Gas Fund (AMEX:: UNG) corrected right to the top of its initial upmove (37.40) from early September, at which point it pivoted to the upside in what looks like the start of a new upleg. As long as today's low at 37.40 contains any forthcoming downside volatility, my preferred scenario calls for the emergency of a powerful upleg that tests the June-Sept resistance lines, now just shy of 44.