The difference in price between May and April contracts is now 2.01%. UNG needs to roll its contracts every month, losing a number of contracts equivalent ot the loss above.
Friday, March 4, 2011
Very bad news for UNG: natural gas contango widens today
This is very bad news for UNG lovers. The natural gas contango, (a.k.a, 'UNG killer'), has widened again today:
The difference in price between May and April contracts is now 2.01%. UNG needs to roll its contracts every month, losing a number of contracts equivalent ot the loss above.
The difference in price between May and April contracts is now 2.01%. UNG needs to roll its contracts every month, losing a number of contracts equivalent ot the loss above.
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