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SocialPicks Community
Flawed Security-- it should never be bought
UNG
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+27.88%
in
61 days
I picked this as a long on July 22, 2009, and it's my worst recommendation on this site. UNG is flawed security. On July 22, 2009 when this recommendation was issued, reasoning was Natural Gas spot prices were pushing new unwarranted lows, the October 2009 contract traded for $4.00 and the November contract traded for $4.65. Oct contract is closed now, but Nov still trades. Oct 2009 contract closed around $4.00 even. Nov 2009 contract now trades around $5.00. So had I bought futures, I'd have done a little better than break even. Instead UNG lost money, big time. I won't bothe...
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start your engines
UNG
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-13.53%
in
77 days
(closed on 10/07/09)
So NG is so cheap on the spot market right now, you can buy a bunch of it, store it, sell the long-dated futures, and pocket the margin. Got a tank in the back yard? It really doesn't matter for longer term investors whether we have a warm winter this year, or how much gas in the storage tanks overflowing. What matters is, a cheap commodity automatically sparks demand. Whether this comes from utilities building more gas-turbine plants, or people using NG cooking grilles and golf carts. At some point, the market corrects. This commodity has the capability of really spiking hard. ...
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United States Natural Gas Fund LP
UNG
Long-Term Play: Get Gas
UNG
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-10.60%
in
51 days
(closed on 07/30/09)
I have been looking to go bullish on Natural Gas for quite some time. I have read some intriguing articles on how the "ratio" of Oil to Nat. Gas is at an all time high a.k.a. Unit Price of Oil : Unit Price of Nat. Gas *> * than what is historic. I just looked to see if there is a recent article. Here's an excerpt of one from http://www.cnbc.com/id/31174107: "The divergence of these energy commodities has some investors believing a price correction could be in place. Indeed, the average price for natural gas in the past twelve months was $6.511 / million BTU, while the average ...
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United States Natural Gas Fund LP
UNG
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-39.28%
in
238 days
Here Comes the Triple Whammy If you pull up a crude oil chart (or USO, the popular oil ETF), you will quickly see that oil has already worked its way through a multi-month bottoming process. But to really understand how the energy markets will respond to a collapsing dollar in the longer term, letÂ’s take a look at a 60-minute chart of the United States Natural Gas Fund (UNG:NYSE) .  <> When news hit the wires of the FedÂ’s trillion-dollar printing spree recently, natural gas jumped like a scalded cat with boiling hot water poured on its back. It took oil a<><><><><><><><><><><><><><><><><><><>...
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From the Blogosphere
United States Natural Gas Fund, LP (UNG): New Lows
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UNG printed new lows. On the daily chart you can see that the force index indicator turned negative again amd %b indicator is now oversold.
Very risky trade with all the discussions around this asset and how bad it is tracking natural gas spot prices. Especially also for the weak fundamentals. What could happen if commodities finally start a correction?
See my good old post on these topics.
I think however that technically UNG has a good potential for a significant rebound.
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United States Natural Gas Fund, LP (UNG): New Lows
UNG printed new lows. On the daily chart you can see that the force index indicator turned negative again amd %b indicator is now oversold.
Very risky trade with all the discussions around this asset and how bad it is tracking natural gas spot prices. Especially also for the weak fundamentals. What could happen if commodities finally start a correction?
See my good old post on these topics.
I think however that technically UNG has a good potential for a significant rebound.
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Notable ETF Movers 12/04: UUP, UNG Up; XME, GDX, GLD, SLV Down
StreetInsider.com Notable ETF Movers:HIGHER;
- PowerShares DB US Dollar Index Bullish (NYSE: UUP) up about 1% to $22.39. Shares of the Bullish Dollar ETF are on the rise as confidence returns to the U.S. on a significant jobs report that showed losses approximately 114K below analyst expectations.
- United States Natural Gas (NYSE: UNG) up 2.59% to $8.73. Natural gas futures are on the rise after the jobs data released this morning. Shorts may also be covering their positions, even after the increase in storage reported yesterday.
LOWER:The metals and metal miners are taking a little bit of ...
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Natural Gas ETF (UNG) – All Time LOW, and Going……
Notable Midday ETF Movers 12/3: EWJ, TUR Up; UNG, OIH, GDX Down
HIGHER;- iShares MSCI Japan Index (NYSE: EWJ) up 1.52% to $10.00. The Nikkei 225 closed up 3.8% yesterday as the Yen continued weakening versus other foreign currencies.
- iShares MSCI Turkey Invest Mkt Index (NYSE: TUR) is up 5% to $51.81, and the ETF has seen gains of about 13% since market close November 27, 2009. Turkey is benefitting from a stronger banking system, and Fitch Rating’s recently boosted Turkey’s credit rating two notches to BB+.
LOWER:<><>United States Natural Gas (NYSE: UNG) down 2.07% to $8.52. Weather forecasts and continuous storage increases will probably dampen this ...
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About United States Natural Gas Fund LP
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