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.
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