Thursday, March 4, 2010

UNG the natural ETF continues to crash; natural gas consumption

Natural gas storage showed a lackluster drop of 116 Bcf today. The following chart compares the natural gas in storage in 2009 with 2010:


These are the latest numbers:


Another sharp drop in UNG was registered around 10:30AM when storage numbers were announced:


Although storage levels are not as high as they were in the middle and last last year, UNG continues to drop significantly. Please see the chart since June 2008, when UNG was trading over $60.


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