Where is natural gas headed, with a polar blast hitting US?

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January 25, 2019 1:33pm NYSE:UNG

natural gas etf

From James Hyerczyk: If the price action is limited today then this will indicate traders may be willing to wait a few days for the updated forecast. The key concern for bullish traders is the forecast for after February 4 since recent forecasts are calling for a possible break in cold temperatures.


If the price action is limited today then this will indicate traders may be willing to wait a few days for the updated forecast. The key concern for bullish traders is the forecast for after February 4 since recent forecasts are calling for a possible break in cold temperatures.


The United States Natural Gas Fund L.P. (UNG) was trading at $27.38 per share on Friday afternoon, up $0.42 (+1.56%). Year-to-date, UNG has gained 17.41%, versus a 0.03% rise in the benchmark S&P 500 index during the same period.

UNG currently has an ETF Daily News SMART Grade of C (Neutral), and is ranked #52 of 108 ETFs in the Commodity ETFs category.


This article is brought to you courtesy of FX Empire.


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