This morning, both UNG and HNU were down after inventiory reports. The situation has sharply reversed and both jumped higher. UNG moved higher 4.5% (intra-day) and HNU (2X ETF) 9%.
HNU:
Contango/Backwardation as of 3PM:
Thursday, November 18, 2010
UNG and HNU jump on the end of natural gas contango for early 2011
As we reported this morning, contango is no more for natural gas for the early months of 2011.
This morning, both UNG and HNU were down after inventiory reports. The situation has sharply reversed and both jumped higher. UNG moved higher 4.5% (intra-day) and HNU (2X ETF) 9%.
HNU:
Contango/Backwardation as of 3PM:
This morning, both UNG and HNU were down after inventiory reports. The situation has sharply reversed and both jumped higher. UNG moved higher 4.5% (intra-day) and HNU (2X ETF) 9%.
HNU:
Contango/Backwardation as of 3PM:
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