HNU has moved 31% higher since November 15th, and UNG is higher by 15%.
Prices jumped at noon when inventories were reported, showing an unexpected drawdown of ng:
Both have broken their short term resistances.
Wednesday, November 24, 2010
Natural gas keeps rocking, prices jump, UNG and HNU ETFs blast higher
Following the death (at least temporary) of contango for the first half of 2011, UNG and HNU (2X ETF) keep moving higher today.
HNU has moved 31% higher since November 15th, and UNG is higher by 15%.
Prices jumped at noon when inventories were reported, showing an unexpected drawdown of ng:
ETF charts:
Both have broken their short term resistances.
HNU has moved 31% higher since November 15th, and UNG is higher by 15%.
Prices jumped at noon when inventories were reported, showing an unexpected drawdown of ng:
Both have broken their short term resistances.
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